1:5 Stock Split By Two Penny Stocks: Record Date - October 15; 1 Metal, 1 NBFC In Focus, 900-9,900% Returns

Two penny stocks are all set to split in the ratio of 1:5 each. These stocks are multi-baggers with all-time gains ranging from 900-9,900%. The stocks are trading below Rs 200, and fixed October 15 as the record date to determine eligible shareholders. 1 stock belongs to metal section, and the other is an NBFC. They are Abans Enterprises and Credent Global Finance respectively.

Abans Enterprises:

Currently, Abans Enterprises is at Rs 197.20 apiece, with a market cap of Rs 275.09 crore on BSE. The stock is a couple of rupees away from its 52-week high of Rs 211.00 apiece, while its 52-week low is at Rs 111.40 apiece.

Data from BSE showed that Abans Enterprises has a price-to-equity ratio of 105.93x, while its return on equity is 12.58%.

For its stock split ratio, the company has fixed Tuesday, October 15, 2024, as the "Record Date" for determining the entitlement of Equity Shareholders, for sub-division/ split of existing Equity Shares of the Company, such that 1 (one) equity share having face value of Rs. 10/- (Rupees ten only) each, fully paid-up, be sub-divided into 5 (five) equity shares having face value of Rs. 2/- (Rupees two only) each, fully paid- up, ranking pari-passu in all respects.

YTD, Aban's share price has surged 29.41% on BSE, while in the long-term 5-years, it soared by 141.91%. However, the stock's all-time gain is a whopping 9,900%.

Abans Enterprises Limited ("AEL") was incorporated on 2nd February 1985. Presently, AEL is listed on BSE Limited and Metropolitan Stock Exchange of India Limited (MSEI). AEL is involved in the business of trading in Commodities, agri-commodities, Precious Metals, Shares, Currencies and all kinds of Derivatives over all the leading Exchanges and also in the Spot Market.

Credent Global Finance:

Currently, the NBFC stock is at Rs 146 apiece, with a market cap of Rs 150.27 crore. This stock is also near its 52-week high of Rs 168.65 apiece, while its 52-week low is Rs 109.05 apiece.

Its price-to-equity ratio is at 55.85x. while the return on equity is around 4.25%. YTD, the stock advanced by 6.7%, while its 5-year gains are about 910.31%. Further, an all-time gain of the stock is 948.50%.

Credent Global also fixed Tuesday, 15th October 2024 as the Record Date, to ascertain the eligibility of the shareholders entitled to the following matter, by the approval of shareholders.

The 1:5 split ratio means sub-division of 1 (one) Equity share of the face value of Rs. 10/- each fully paid-up to 5 (Five) Equity shares of the face value of Rs. 2/- each fully paid-up.

Credent is the only Indian financial services provider that has succeeded at bridging the borders between the UK and the Indian markets, be it real estate or corporate finance. Credent leverages industry stalwarts and their expertise, proven over 2 decades, to advise its clients on the most strategic financial decisions.