These Two Stocks With More Than 800% Returns Will Trade Ex-Split In January 2023

Vishnu Chemicals and Deep Diamond are two multibagger stocks that the Indian stock market has delivered in recent years. The shares of Vishnu Chemicals' share price has increased by more than 1,000% over the past three years, while Deep Diamond's share price has increased by more than 800% over the past year, respectively. Both stocks will trade stock split in January 2023. Both the stocks are small-cap stocks with market capitalisations of less than Rs 2000 crore.

Deep Diamond India Limited

Deep Diamond India Ltd. is a small-cap company with a market capitalisation of Rs. 44.48 Crore. It operates in the consumer discretionary sector. Incorporated in 1993, the company engaged in the business of Gold and Diamond Studded Jewelry.

According to the company's regulatory filing on January 03, 2023, the record date has been set as Friday, January 20, 2023, for the purpose of dividing the face value of equity shares from Rs. 10/- each to Rs. 1/- each.

The stock of the company is currently trading at Rs 137.05 apiece on BSE, 4.33% down as compared to its previous close. Its 52-week high is Rs 171.95 apiece and its 52-week low is Rs 11 apiece, respectively. The stock surged 13.49% in the last 1 week. In the last 1 month, it surged giving a massive 57.9%. Whereas, in the last 1 year the stock gave 678.02% massive return. It gave a massive multibagger return of 816.36% in the last 5 years.

Vishnu Chemicals Limited

Vishnu Chemicals is a small-cap specialty chemical company with a market capitalisation of Rs 1,808.39 crore. It engaged in the business of manufacturing, marketing and export of Chromium chemicals and Barium compounds across the world

The board of directors of the company announced the stock split in the board meeting held in December. The board of directors has fixed January 13, 2023, as its record date for the stock split as well.

According to the company's board of directors' regulatory filing to BSE on December 16, 2022, "Sub-division of 1( One) equity share of the face value of Rs 10/- (Rupees Ten only) per share to 5 (Five) equity shares of face value of Rs 2/-(Rupees Two only) per share "

The company in its regulatory filing to BSE has said, "Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that, the Board of Directors of the Company has passed the necessary resolution through Circular Resolution, on 15th December, 2022 and has fixed the record date on Friday, 13th January, 2023 for the purpose of sub-division of 1 equity share of Rs. 10/- each into 5 equity shares of Rs. 2/-each fully paid up, pursuant to the shareholders' approval received through postal ballot by way of electronic means on 14th December, 2022."

The stock of Vishnu Chemicals is currently trading at Rs 1,495.25 per share on BSE. According to the BSE, its 52 week low is Rs 902.10 per share and its 52 week high is Rs 2,147 per share. The stock has given 2.77% positive return in the last 1 week. However, it fell 1.06% in the last 1 month. It gave 55.7% in the last 1 year. It has given 1,067.61% massive multibagger returns in the last 3 years and 300.27% multibagger returns in the last 5 years.

Disclaimer

The stock has been sourced from BSE. 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.