2:1 Bonus Share: Zero-Debt Burden Stock Declares Record Date, Shares Hit Upper Circuit

Zero-debt burden company engaged in financial services industry, Caspian Corporate Services Ltd shares today hit 5% upper circuit after it declared August 9, 2024 as the record date for bonus share. Current market price of Caspian Corporate Services share on BSE is Rs 68.04 per share with gain of 2.59% in trade today. Caspian Corporate Services shares gave return of 109% in last 6-months and soared 200% in last 1-year. Its market capitalisation stood at Rs 287.13 crore.

The PE of Caspian Corporate Services stood is 900.09 and ROE is 1.73. It is worth mentioning that Board of Directors of Caspian Corporate Services recommended 2:1 bonus issue on July 3, 2024. Check more details given below:

Caspian Corporate Services Sets Record Date For Bonus Share: According to the BSE filing of Caspian Corporate announce as on July 29, 2024, "we would like to inform you that the Company has fixed Friday, 9TH August, 2024 as the 'Record Date', for the purpose of ascertaining the eligibility of shareholders entitled for issuance of Bonus Equity Shares of the Company in the proportion of 2 (two) Equity Shares of Re. 1/each for every 1 (one) existing Equity Share of Re. 1/- each, in accordance with the approval of shareholders of the company on issue of bonus shares in EGM held on 29th July, 2024."

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 21.39 per share (as on 04/08/2023), respectively. Caspian Corporate Services shares offered shareholders attractive returns of 1236% in last 5-years, gave return of 1000% in last 3-years, and zoomed 120% year-to-date.

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.