10:1 Stock Split: Should Retail Investors Buy The Stock By September 13, Record Date To Be Eligible?

Onesource Ideas Venture Ltd is among the penny stocks of Dalal Street with a share price of Rs 100.60 apiece and a market cap of Rs 30.93 Cr. On Tuesday, the shares of Onesource Ideas Venture ended 2% higher after the Board of Directors announced record date for 10:1 stock split. The stock split corporate action has been announced by the company with a view to improve the liquidity of the shares in the stock market and to make it more affordable for the individual retail investors and also to widen shareholder base.

Onesource Ideas Venture Stock Split Record Date

"Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Company has fixed Friday, September 13, 2024 as the Record Date for determining entitlement of Equity Shareholders for the purpose of 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 subdivided / split into 10 (Ten) Equity Shares having face value of Re. 1/- (Rupee One Only) each, fully paid- up, ranking pari-passu in all respects which was approved by the Equity Shareholders through Postal Ballot on August 24, 2024," said Onesource Ideas Venture in a regulatory filing.

Onesource Ideas Venture Financials

Onesource Ideas Venture has posted revenue from operations of Rs 432.93 Lakh in the quarter ended June 2024 as against Rs 4.13 lakh in the quarter ended in June 2023. Its net income stood at Rs 439.36 lakh in the quarter under review which was Rs 9.98 lakh in the year-ago quarter. The company said its net expenses reached Rs 424.32 lakh as against Rs 4.89 lakh in the same quarter last fiscal. The quarterly net profit of the company stood at Rs 11.13 lakh in Q1FY25 as compared to Rs 3.76 lakh in Q1FY24.

Onesource Ideas Venture Share Price Target

"Financial and corporate advisory company Onesource Ideas Ventures Ltd. (OIVL) is in the spotlight due to an upcoming stock split on September 13, 2024. The company's PE ratio of 268.42 is significantly higher than the sector PE of 28.13, suggesting overvaluation. The P/B ratio stands at 10.37, which reflects a high valuation relative to its book value. Meanwhile, its ROE of 5.03% suggests moderate profitability. Notably, the stock has experienced a strong 1-year performance with a gain of 53.57%. According to technical indicators, the stock is trading above its 20-day, 50-day, and 200-day SMA, indicating an upward trend, with RSI readings of 57 on the daily, 64 on the weekly, and 63 on the monthly charts. Traders and investors must note that the company's debt has increased from Rs. 0.26 crore in March 2023 to Rs. 0.57 crore by March 2024. Based on these parameters, I find this a high-risk bet. Regardless, those with a risk appetite may consider the buying range of Rs. 78-85 for a target price of Rs. 100-150. However, I encourage them to set a stop loss at Rs. 70 and limit their exposure to this stock," suggested V.L.A. Ambala, a Research Analyst (SEBI Registered), Co-founder - Stock Market Today (SMT).

A R Ramachandran, Independent Research Analyst recommended, "One Source Ideas stock price is sideways to bullish on the Daily charts with strong support at 87. A Daily close above resistance of 106.5 could lead to a target of 120 in the near term."

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.