This Penny Stock Approves Stock Split, Gave 2064.29% Robust Return In 5 Years, Details Inside

Comfort Intech Ltd, a micro-cap penny stock operating in Financial Services sector has considered & approved the sub-division/stock split of the equity share. Below are the key take takeaways about the stock:

Comfort Intech Ltd - Stock Performance

The stock of Comfort Intech last traded at Rs 30.30 apiece on NSE. The stock hits 52-week high on 27 January 2023 at Rs 35.85 apiece and 52 week low on 10 October 2022 at Rs 19.80 apiece, respectively. It has a market capitalisation of Rs 96.78 crore.

The stock surged 4.66% in the past 1 week, 9.78% in the past 1 month and 12.22% in the past 3 months, respectively. The stock has gained 5.76% in the past 1 year. It gave 531.25% robust return. In the past 5 years, it gave a massive positive return of 2064.29%.

 

Comfort Intech Ltd Approves Stock Split

In the exchange filing by the company to BSE on February 20, 2023, it said, "Proposal for alteration in the share capital of the Company by sub-division/stock split of existing One (1) equity share of the Company having face value of Rs. 10/- (Rupees Ten only) each into Ten (10) equity shares of face value of Re. 1/- (Rupee One only) each, subject to approval of the shareholders and such authorities as may be 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 sub-division/split of equity shares of the Company is enclosed herewith as Annexure IV."

The company added, the stock-split is a subject to approval of the shareholder. It in exchange filing the company 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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