Small Cap Stock To Trade Ex-Split This Week, 5-Years Return 5100%, 1 Year Return 1100%

Confidence Futuristic Energetech Ltd is engaged in the parallel liquefied petroleum gas (LPG) market. It sells its LPG gas cylinders to both domestic and commercial users under the brand name GO GAS ELITE. Its cylinders are blast-proof, translucent and light-weight composite cylinders. It is also engaged in manufacturing of compressed natural gas (CNG)/high pressure cylinders. It has a market capitalisation of Rs 814 crore.

The company announced stock split earlier this year and fixed record date for stock split as November 3, 2022 that is Thursday. Check key takeaways below:

1. Confidence Futuristic Energetech To Trade Ex-Split This Week

The board of directors of Confidence Futuristic stated in the regulatory filing, "This is to inform The Exchange that the Board of Directors of the Company at their meeting held today i.e. on the 16th October 2022 has approved and fixed Thursday, 03rd November, 2022 as Record date for Sub-division/Stock Split of Shares of the company. Further this is with reference to the board meeting held on 07th September, 2022 and Annual General Meeting held on 30th September, 2022 for Sub-division/Stock Split of Shares of the company, The Equity shares of the company will be sub divided from Rs. 10 each to Rs. 5 each."
The company shall determine eligibility of members for the purpose of Subdivision/Stock Split of every 1 (One) equity share of face value of Rs. 10/- each into 2 (Two) equity shares of Re. 5/- each. The 1:2 stock split decision of the company will change the face value of share from Rs 10 each to Rs 5 each.

2. Confidence Futuristic Energetech Stock Outlook

The current market price of the stock is Rs 650 apiece with 4.99% intraday gain. The stock has hit its new 52-week high today. It is worth noting that the stock has been hitting upper circuit for the past few weeks.

3. Confidence Futuristic Energetech 5 Years Return

The stock has given 5107% return in last 5-years and 1154% return in 1 year. In last 6 months, it has given return of 331% and in last 3 months, the return is 254%. The stock surged 128% in 1 month27% in last 1 week.

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.