Penny Stock Under Rs 35 To Consider Stock Split, Shares Soar Over 2100% In 5 Years

Comfort Intech Ltd is small cap stock priced under Rs 35. The board of Comfort Intech Ltd is all set for stock split. The stock split ratio is yet to be decided. The stock has been hitting its new 52-week high as well for last 2 days. The company has a market capitalisation of Rs 107 crore. It has given over 2100% return in last 5-years.

The stock witnessed a sharp gain of 6% intraday at a time when share market crashed with BSE Sensex falling by more than 800 points. Check details pertaining to the stock below:

1. Board Of Comfort Intech Ltd Approves Stock Split

The board of Directors of Comfort Intech Ltd stated in their regulatory filing on January 24, 2023, "The meeting of Board of Directors of the Company is scheduled to be held on Friday, February 10, 2023, at the corporate office of the Company, interalia, to: 1. consider, approve and take on record the un-audited standalone and consolidated financial results for the quarter and nine months ended December 31, 2022; 2. consider a proposal for alteration in the Share Capital of the Company by sub-division/split of the existing equity shares of the Company having face value of Rs. 10/- each in such manner as maybe determined by the Board and subject to approval of the shareholders and such authorities as maybe required. 3. take on record any other business as may be considered necessary."

2. Comfort Intech Ltd Stock Performance & Return

Comfort Intech Ltd Stock Performance: The last trading price of the stock is Rs 33.70 apiece with intraday gain of 6.14% on BSE. The stock's 52-week high is Rs 35.85 apiece and 52-week low is Rs 19.80 apiece, respectively.

The stock traded new 52-week high today and on January 25 also, it hit its new 52-week high. It has been witnessing a spurt in volume too on January 25 and again today by 5.68 times and 4.31 times, respectively.

Comfort Intech Ltd Return: The stock has given strong returns to investors in last 5-years. It rallied 1930% in last 5-years, 599% in last 3-years, 16% in last 1-year, 41% in last 6-months, and 43% in last 3-months. It has given a return of 28% in last 1-month.

The stock was priced Rs 1.48 apiece on February 5, 2018. From February 5, 2018 to January 27, 2023, it has given 2177% return.

3. Comfort Intech Ltd About

The company is engaged in the business of trading goods including but not restricted to fans, fabrics, water heater and monoblock pumps on the e-commerce marketplace platforms and the immediate suppliers of the marketplace platforms, according to its official website.

The five companies representing Comfort Group are Comfort Intech Limited, Comfort Fincap Limited, Comfort Securities Limited, Comfort Commotrade Limited & Luharuka Media & Infra Limited.

Disclaimer

The stock gives details about board's decision to consider proposal of 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.