Upcoming Stock Split: Oasis Securities, an NBFC trading as a penny stock, will split for the first time later in the current week. 1 share of Oasis which is currently below Rs 300, will be sub-divided into ten smaller shares. Stock splits are carried out to improve liquidity and become affordable for both new and existing investors. Oasis is a multi-bagger with more than 200% gains in a span of 1-year.
Oasis Securities Share Price:
On February 25, after market hours, Oasis's share price stood at Rs 296.55 apiece on BSE with a market cap of Rs 54.86 crore. The stock froze at its 2% upper circuit, which means there were several buyers but no sellers on Tuesday.
Notably, Oasis stock price has been hitting back-to-back upper circuits of 2% for four consecutive sessions now. Its weekly performance is up by 8%, while in a month, the gains were about 17%. In a six-month span, Oasis zoomed by 32.5% so far.
However, in 1 year, the stock skyrocketed by a whopping 208.91%, becoming a multi-bagger. The stock was merely at Rs 96 on February 26, 2024. Its price-to-equity ratio is at 59.91x, while the return on equity is about 6.85%.
Oasis Securities Stock Split:
Oasis is going to split its shares in the ratio of 1:10, meaning 1 equity share of face value of Rs 10 each, which will be sub-divided into ten smaller shares with a face value of Re 1 each. The record date is fixed on February 28, 2025, to determine the eligibility of Shareholders of the Company for Subdivision/Split.
Earlier, on Monday, Oasis said, "This is for your kind information that both the Depositories i.e. NSDL and CDSL have allotted new ISIN for Equity Shares of the Company having Face Value of Re. 1/- (after effecting Sub-division of Face Value of Equity Shares of the Company) as following: New ISIN for Face value of Re. 1/- Equity Shares- INE876A01023."
About Oasis Securities:
OASIS SECURITIES LIMITED, a public limited company, was originally incorporated on 6th November 1986 as Abhishek India Limited. It subsequently changed its name to Oasis Securities Limited on 1st February 1995 thereby keeping the name in consonance with the Company's foray into the business of finance and securities. Promoted by Shri Indra Kumar Bagri, the Company was in the business of Stock Broking and Financial Services. It later sold its NSE broking business and Depository business - that of being a Depository Participant of NSDL. The Company is presently a non-deposit taking NBFC organisation, engaged in the NBFI business. The Company, now focussing on its NBFC activities, is looking for new avenues for further growth in this area.
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