Stock Split Of Nov 2022: Multibagger Small Cap Stock Approves Stock Split

Board of Rajnish Wellness Ltd has approved stock split. The record date for the stock split is yet to be decided. The company has a market capitalisation of Rs 847 crore. The debt-free company has given multibagger returns to shareholders. Check key takeaways below:

1. Rajnish Wellness Ltd Gives Approval To Stock Split

The board of directors of the company said in the BSE filing, "We wish to inform the exchange that the Board of Directors in their meeting held on Thursday, November 24, 2022, at the registered office of the Company have inter-alia considered and approved sub-division/split of equity shares of the Company from 1 (One) equity share of Rs. 2/- (Rupees Two only) each to 2 (Two) equity shares of Re. 1/- (Rupee One only) each. Such sub-division/split will be subject to the approval of shareholders and other statutory approvals as may be required. The record date for sub-division/split shall be decided by the board and will be intimated to exchange."

2. Rajnish Wellness Stock Performance

The last trading price of the stock is Rs 22 apiece. The stock's 52-week high is quoted at Rs 24 apiece and 52-week low is quoted at Rs 1.30 apiece, respectively.

3. Rajnish Wellness Return In Last 5-Years

The stock has given multibagger returns in the last 5-years. In last 5-years period, the return is 1379%, and in last 1-year, the stock has given 1331% return. The stock has given 12% return in last 3-months and 36% return in last 1-month.

4. Rajnish Wellness About

Rajnish Wellness is the extension and expansion of Rajnish Hot Deal Pvt Ltd. With the exponential growth success of Rajnish Hot Deals Pvt Ltd., the company has now transcended to a Public Limited Company.

It started as a small teleshopping venture with the name- Quick Service (QS) Advertising in the year 2009 and has grown philosophically and physically into a brand in ayurvedic product industry dedicated to people's personal and sexual wellness, according to its official website.

Disclaimer

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