Maiden 1:10 Stock Split Approved: NBFC Set To Get Cheaper, Record Date To Be Issued

Small cap company operating in NBFC sector, Avonmore Capital & Management Services Limited shares declined 1.39% in trade today till afternoon to 117.05 per share. Today Board of Directors of Avonmore Capital approved stock split in the proportion of 1:10 implying 1 share will be split into 10 new shares. Avonmore Capital shares declined over 1% in last 1-week and gained 52% in last 6-months. More details below:

Avonmore Capital Recommends 1:10 Stock Split: As per the regulatory filing of the company dated May 10, "The Board considered the proposal for sub-division of 1 equity share of the Company having face value of Rs 10/- each into 10 (Ten) equity shares having face value of Re 1/- each, subject to regulatory/statutory approvals as may be required and the approval of the shareholders of the Company."

Avonmore Capital Share Performance & Return: The 52-week high price of Avonmore Capital share on BSE is Rs 130.01 per share and 52-week low price is Rs 61.93 per share, respectively. The company has a market capitalisation of Rs 275.57 crore. Avonmore Capital shares 42% year-to-date, soared 80% in last 1-year, and rallied 550% in last 3-years. In last 5-years, Avonmore Capital shares soared 768%.

Avonmore Capital About: The small cap company came into existence in 1991 and operates in financial services sector.

Disclaimer:

The stock highlights the stock split and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.