2:1 Bonus Share Approved: Zero-Debt Burden Small Cap Stock Soars 132% YTD

Small cap company operating in financial services industry, Caspian Corporate Services Ltd shares gained 0.84% in trade today to Rs 71.64 per share. The company on July 3, 2024 approved issuance of 2 bonus shares for every 1 share held as on the record date. The company has yet to fix record date for bonus share. Caspian Corporate Services shares gave return of 127% in last 6-months and soared 945% in last 2-years. Check details below:

Caspian Corporate Services Approves Bonus Share: As per the regulatory filing of Caspian Corporate Services issued as on July 3, 2024, "approved the Issuance of 2 (Two) Bonus Shares for every 1 (One) Equity Shares held by the Equity Shareholders of the Company as on 'Record Date'. The Bonus Issue of Equity Shares is subject to the approval of the shareholders and other applicable statutory and regulatory approvals, as may be required. The Company shall intimate the 'Record Date' in due course of time for determining eligible Shareholders entitled to receive bonus shares, in compliance with regulatory requirements."

Caspian Corporate Services Share Performance: The 52-week high price of Caspian Corporate Services shares on BSE is Rs 74.31 per share (as on 01/07/2024) and 52-week low price is Rs 21.05 per share (as on 21/07/2023), respectively. The company's market capitalisation stood at Rs 302.32 crore. Caspian Corporate Services shares gave return of 204% in last 1-year, gained 945% in last 2-years, and soared 2404% in last 3-years. In last 5-years, Caspian Corporate Services stock surged 814%.

Caspian Corporate Dividend History: Caspian Corporate Services announced 1 dividend since October 17, 2023. In last 1-year, Caspian Corporate Services announced an equity dividend amounting to Re 0.05 per share. At the current share price of Rs 71.64, Caspian Corporate Services offers a dividend yield of 0.07%.

Caspian Corporate About: The company was incorporated in 2011. Its integrated service delivery model includes a wide range of services such as FMS, housekeeping services, security services, property management services, office support services, m&e services, pest control services, disinfection services and customer support.

Disclaimer: The stock just highlights the bonus share 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 ay losses. Please consult a professional advisor.