Small Cap Financial Stock Approves Stock Split, Shares Soars 1622.03% In 3 Years, Check Details

Comfort Fincap Ltd., a small cap Financial stock, at its Meeting held on Friday, February 03, 2023, decided to split the face value to Rs 2 from Rs 10. Comfort Fincap is a Non-banking Finance Company (NBFC). The company primarily focused on providing inter-corporate loans, loans against shares & securities, loans against properties, bills discounting, Mortgage Loans, Home Loans, trade financing, personal loans, trading in shares & securities and arbitrage business in the stock and commodity market.

Comfort Fincap Ltd. Stock Performance And Outlook

The stock of Comfort Fincap last traded on NSE at Rs 99.35 apiece, up 1.02% from the previous close. The stock hit the 52 week high on 13 January 2023 at Rs 108.50 apiece and 52-week low on 29 March 2022 at Rs 21.15 apiece, respectively. The stock in a week has gained 1.6%, whereas, in 1 month it gained 17.05%. In the past 3 months, it gave a 37.38% positive return. In the past 1 year, it gave a 165.14% positive return. The stock has given a maximum 1622.03% robust return in 3 years. In the past 5 years, it gave a 525.4% positive return.

 

 

Comfort Fincap Ltd. Stock Split

The company in an exchange filing said, "The Proposal for alteration in the share capital of the Company by sub-division/split of the existing One (1) equity share of the Company having face value of Rs. 10/- (Rupees Ten only) each into Five (5) equity shares of face value of Rs. 2/- (Rupees Two only) each and subject to approval of the shareholders and such authorities as maybe required. The details as required under Regulation 30 of the Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015 regarding subdivision/split of equity shares of the Company is enclosed herewith as Annexure IV."

Furter, the company informed that the stock split is subject to approval from the shareholders. It said, "Alteration of Capital Clause (Clause V) of the Memorandum of Association of the Company on account of sub-division of equity shares, subject to approval of the shareholders of the Company. The details as required under Regulation 30 of the Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015 regarding Amendments to Memorandum of Association of the Company is enclosed herewith as Annexure V."

 

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