Multibagger In 3 Months, Now Small Cap Financial Stock Announces Stock Split

Leading small cap stock, Karnavati Finance Ltd has announced its decision of stock split. The company operates in Financial Services sector. The stock has given multibagger returns in a short span of just 3-months. The company has a market capitalisation of Rs 178 crore. Check key details below:

1. Karnavati Finance To Consider Stock Split

According to the BSE filing of the company, ""Resolved that pursuant to the provision of Section 61, 64 and all other applicable provisions, if any, of the Companies Act, 2013 and Rules framed thereunder (including any statutory modification or re-enactment thereof, for the time being in force) and the provisions of Memorandum of Association and Articles of Association of the Company and subject to such other approval(s), consent(s), permission(s) and sanction(s), if any, as may be necessary from the appropriate authority(ies) or body(ies), the consent of the members of the Company be and is hereby accorded for the sub-division of the equity shares of the Company, such that each equity share having a face value of ₹ 10/- (Rupees ten only) each be sub-divided into 10 (Ten) equity shares having a face value of ₹ 1/- (Rupees one only) each fully paid up ("Sub-division")."

2. Karnavati Finance Stock Performance

The last trading price of the stock is Rs 177 apiece with an intraday gain of 0.88%. The stock's 52-week high is Rs 178 apiece and 52-week low is Rs 14 apiece, respectively.

3. Karnavati Finance Return

The stock has given 215% return in last 3-months, 731% return in last 1-year, 405% return in last 3-years, and 512% in last 5-years.

4. About Karnavati Finance

Karnavati Finance Limited (popularly known as KFL) is a leading 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, corporate finance, mortgages, capital market based lending, project loans, structured finance, Wealth Management , Digital Lending, debt capital markets and syndication, according to its official website. Karnavati Finance Limited was incorporated in the year 1984 as a NBFC (non banking finance company) and since then one of the leading and oldest company in the finance sector. Company got listed on Bombay Stock Exchange in the year 2014.

Disclaimer

The stock gives details about stock split. 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.