This Small Cap Stock Turned Multibagger In Over 6 months, Will Turn Ex-Bonus Soon

The share price of Ascom Leasing & Investment Limited in over 6 months has surged eye popping to 427.14%, making it a multibagger stock. The last traded price of the stock is Rs 439.90 per share on the national stock exchange (NSE). It is a small cap company with a market capitalisation of Rs 34,353.78 lakhs. The company in an exchange filing announced about offering bonus shares in a ratio of 1:2 and fixed the record date. Check the details here.

On February, 22, 2023 the company announced the record date for issuing bonus shares in, after the company board of directors approved it. "We inform that the Company has fixed Monday, 6th March, 2023 as the "Record Date" for the purpose of ascertaining the eligibility of Shareholders entitled for issuance of fully paid up Bonus Shares in the ratio of 1:2 (i.e. issue of 1(One) equity share for every existing 2(Two) equity shares held of Rs 10/- as on the above mentioned record date), each."

Ascom Leasing & Investment Limited is a registered non banking small cap financial company under Reserve Bank of India and was incorporated in 1986. It largely offers loans against properties, automobiles, and home renovation in Gujarat, India.

The share price of the company was up by 4.95 point ( 1.14 %) on intraday basis. Over 6 months as mentioned earlier, rose exorbitantly by 427. 14%, in one month it was up by 30.53% and in one year it grew by 453.33%. Its 52-week high is at Rs 440 per share and %2-week low is at Rs 33.40 per share.

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