632% Return In 1-Year: Small Cap Finance Stock Approves 1:10 Stock Split

Small cap stock operating in Financial Services sector, Karnavati Finance Ltd fixed February 24, 2023 as the record date for stock split in the ratio of 1:10. The stock gave whopping 632% return in just a span of last 1-year. Last trading price of Karnavati Finance is Rs 163.05 apiece on BSE. The stock gained 0.37% intraday after board's approval for sub-division of shares. Check details below:

1. Karnavati Finance Sets Record Date For Sub-Division Of Shares

According to the BSE filing of the company, "This is to inform you that pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed 24 February 2023 as record date for the purpose of Subdivision/Split of every 1 (one) equity share of face value Rs 10/- each into 10 (ten) equity shares of Re 1/- each."

2. Karnavati Finance Stock Performance & Return

The last trading price of the stock is Rs 163.05 apiece with 52-week high at Rs 180.05 apiece and 52-week low at Rs 14.15 apiece, respectively. The company has a market capitalisation of Rs 163.87 crore.

The stock rallied 90% in just 90 days, 448% in last 6-months, and 632% in just last 12 months. It gave a return of 457% in last 5-years.

3. About Karnavati Finance

Karnavati Finance Limited (popularly known as KFL) is among the flourishing well- diversified financial services company in India offering end-to-end lending, financing and wealth management solutions to a diversified range of customers across the country.

KFL offers customized solutions in areas of personal and business loans, loan against property, gold loan, digital lending, micro finance, etc. Karnavati Finance Limited was incorporated in the year 1984 as a NBFC (non banking finance company).

Disclaimer

The stock gives details pertaining to stock split and record date. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.