1:10 Sub-Division, 7:1 Bonus Shares: NBFC Stock Hits Multiple Upper Circuits As Record Date Nears

Small cap company from the NFC sector, Sunshine Capital Ltd shares hit upper circuit and 52-week high today. Sunshine Capital shares have been hitting back-to-back upper circuits and 52-week high for the last few days. The scrip surged manifold in a span of just 1 month. Sunshine Capital shares jumped 195% year-to-date and soared 592% in last 6-months. Earlier, the company fixed March 11, 2024 as the record date for 7:1 bonus shares and 1:10 stock split/sub-division of shares. Check details below:

Sunshine Capital Ltd Shares Performance % Return: Current market price of Sunshine Capital shares is Rs 289.80 apiece. The 52-week high price of Sunshine Capital stock on BSE is Rs 289.80 apiece and 52-week low price is Rs 34.49 apiece. Its market capitalisation is Rs 377.35 crore. Sunshine Capital shares surged 191% in last 3-months span, gained 782% in last 1-year, and offered return of 1778% in last 2-years. In last 3-years, the scrip rallied 4984% and 2090% in last 5-years.

Sunshine Capital Ltd Revises Record Date For Bonus Share, Stock Split: As per the regulatory filing of the company dated March 2, 2024, "the Company has fixed Record date for Sub-division in face value of Equity Share of Rs. 10/- to Rs. 1/- each and bonus issue of Equity Shares in the ratio of 7:1 i.e 7 (Seven) Equity shares for every 1 (One) Equity shares held by Shareholder. The details of the same areas under:

Purpose: Sub-division in Face Value of Equity Shares and Issue of Bonus Equity Shares in the ratio of 7:1

Record Date: 11 th March, 2024."

About: Sunshine Capital Ltd is a non-banking financial company. It is engaged in investing in long-term investments such as equity shares and equity-related securities. Sunshine is engaged in buying, selling and transfer, of shares and securities of various companies in the capital markets, among others. It was established in 1994.

Disclaimer:

The stock highlights the bonus shares, stock split, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.