Valentine’s Day Gift For Investors: 1:10 Stock Split With Record Date On February 14; More Shares To Love?

Ascensive Educare Ltd (AEPL) is a skill development organisation based in Kolkata that works with the Central and state governments to provide educational consultation and vocational training. AEPL is a partner company of the National Skill Development Corporation (NSDC). Following the company's announcement of the record date for a 1:10 stock split, Ascensive Educare's shares closed Wednesday 5.83% down at Rs 101.70 per share with a market capitalisation of Rs 41.55 Cr.

Ascensive Educare Stock Split Record Date

"Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations"), this is to inform you that the Company has fixed Friday, February 14, 2025, as the "Record Date" for determining entitlement of Equity Shareholders for the purpose of subdivision/ split of existing Equity Shares of the Company, such that 1 (one) equity share having face value of Rs. 10/- (Rupees Ten only) each, fully paid up, will be sub-divided into 10 (Ten) equity shares having the face value of Rs. 1/- (Rupees one only) each, fully paid up, ranking pari-passu in all respects," said Ascensive Educare in a stock exchange filing on Wednesday.

Ascensive Educare Stock Split

The Board of Directors "Considered and approved the split/sub-division of equity share of the company of Rs. 10/- per share to 10 equity shares of Rs 1/- per share, subject to the approval of shareholders in ensuing Extra Ordinary General Meeting," said Ascensive Educare in a regulatory filing on December 10th, 2024.

The purpose behind the stock split is "To enhance the liquidity of Equity shares and widen the shareholder base by making equity shares more economical to the investors," as per Ascensive Educare.

Ascensive Educare Financials

Ascensive Educare Ltd. reported Rs 20.96 crore in total sales for the fiscal year 2023-2024. The company's net profit was Rs 1.32 crore, despite Rs 0.69 crore in tax costs, indicating consistent profitability and operational effectiveness. While the company's Net Profit Margin (NPM) achieved 6.31%, indicating profitability after taxation factors, its Operating Profit Margin (OPM) reached 12.49%, indicating great performance in operations.

Ascensive Educare Share Price Target

"Ascensive Educare stock price is bearish on the Daily charts with strong resistance at 109.4. A Daily close below support of 87.6 could lead to a target of 75 in the near term," A R Ramachandran, Independent Research Analyst recommended.

Disclaimer

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