Re 1/Share Dividend, 1:5 Stock Split Declared: Multibagger Stock Zooms On 1st Corp Action

Small cap stock from the financial services industry, Visco Trade Associates Ltd shares hit 5% upper circuit as it declared its maiden interim dividend of Re 1/- per equity share of the face value of Rs 10 each for financial year 2023-24. The company also approved stock split/sub-division of shares in the ratio of 1:5 where in 1 share of the face value of Rs 10 will be sub-divided in to 5 shares of Rs 2 each thus making the stock affordable and attractive for investors.

Last trading price of Visco Trade Associates shares on BSE is Rs 223.75 per share with intraday gain of 5.00%. Visco Trade shares hit upper circuit in trade today after the first ever corporate action. Check details below:

Visco Trade Associates Declares Interim Dividend: As per the regulatory filing of the company dated March 21, "With reference to the captioned matter and the declaration of 1%t interim dividend @ Re. 1/- (Rupee One Only) per equity share (subject to deduction of TDS) on the face value of the paid-up equity shares of Rs. 10/- each for the Financial Year 2023-2024 by the Board of Directors of the Company, it is being hereby informed that the Board has fixed Friday, March 29, 2024 as the Record Date towards the entitlement of payment of 1+ interim dividend for the Financial Year 2023- 2024."

Visco Trade Associates Recommends Stock Split: The exchange filing of the company dated March 21 stated, "Split / Sub-division of shares of the Company from Face Value of Rs. 10/- each to Face value of Rs. 2/- each, subject to the approval of Members of the Company. The record date for the split/subdivision of shares will be intimated in due course."

Visco Trade Shares Performance & Return: The 52-week high price of Visco Trade share on BSE is Rs 286.50 apiece and 52-week low price is Rs 72.00 apiece, respectively. The company has a market capitalisation of Rs 107.46 crore. Visco Trade has a PE of 5.64 and ROE of 142.50. Visco Trade shares fell 14% in last 2-weeks, gave return of 67% in last 3-months, and rallied 205% in last 1-year. In last 2-years, Visco Trade stock rose 420% and surged 1438% in last 3-years.

Visco Trade Financials: The company's net sales for the quarter ended December 2023 soared 197.58% to Rs 67.74 crore from Rs 22.76 crore reported in the corresponding quarter of last year. Its quarterly net profit zoomed 3124.98% to Rs 11.87 crore from Rs 0.39 crore declared in similar quarter of 2022. EBITDA of Visco for December 2023 quarter surged 3458% to Rs 17.08% from Rs 0.48 crore in the similar quarter of 2022. The company's EPS surged to Rs 24.74 crore in December 2023 from Rs 0.78 in December 2022.

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