Healthcare Sector Penny Stock Approves Stock Split, Trading Near 52-Week Low; Check Details

The Board of Directors of Family Care Hospitals Limited (formally known as Scandent Imaging Limited) considered and accepted the proposal to split shares of the Company at its Board Meeting held on Thursday, April 20, 2023, resulting in improved market liquidity and increased affordability to new investors. In addition, the board of directors opted not to pursue the bonus issue at this time and did not vote on this agenda.

Family Care Hospitals Limited is a microcap penny stock operating in the healthcare sector engaged in the business of providing scanning solutions to the Dental and ENT Fraternity. It has a market capitalisation of Rs 64.12 crore.

Family Care Hospitals' Stock Performance and Returns Over The Years

The last traded share price of Family Care Hospitals is Rs 11.76 apiece, down 1.67% from the previous close. Its 52-week low is Rs 53.32 apiece and 52 week low is Rs 9.80 apiece, respectively. The stock has given 2.08% negative return in 1 week and 3.84% in 1 month, respectively. In 1 year it has given 46.42% negative return. In 3 years it gave 1.82% positive return. In the past 5 years, it has given 35.85% negative return.

Family Care Hospitals Limited considered Bonus Shares and Stock Split

The Board of Directors of Family Care Hospitals Limited in their regulatory filing has said, "Sub division of shares- Board decided to split shares of the Company which results in improve liquidity in the market and will increase affordability to the new investor. Board after discussion decided to sub division of the nominal value of Rs. Equity shares of the company from the existing nominal value of Rs. 10/- each to nominal value of Rs. 1/- each."

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