This Small Cap Goes Ex-Split Today for Its First-Ever 1:10 Stock Split; Shares Surge 5%; Do You Own It?

Ajcon Global Services Ltd, a small-cap financial services firm, is in the spotlight today as its shares trade ex-split for the first time after a 1:10 stock split. The stock jumped nearly 5% intraday, due to positive investor sentiment for the stock even though the firm reported sharp weakness in its quarterly financials.

Ajcon Global Share Price Today

As of 1 PM on Friday, Ajcon Global shares were trading at Rs.12.86, up 4.98% from the previous close of Rs.12.25. The stock opened at Rs 12.84 and continued its upward trend throughout the day. This price movement comes after the stock adjusted for the recently approved stock split, where each fully paid-up equity share of Rs. 10 was split into 10 equity shares of Rs. 1 each.

Prior to the split, the shares closed at Rs 122.30 on Thursday. Ajcon Global's 52-week high stands at Rs 14.47, while the 52-week low is Rs 3.16. The company's market capitalisation now stands at approximately Rs 7.87 crore as of June 20.

Ajcon Global Share Outlook

"Ajcon Global's stock price is bearish on the daily charts with strong resistance at 128.7. A daily close below support of 122 could lead to a target of 95 in the near term," said A R Ramachandran, independent research analyst.

Ajcon Global Stock Split Details

In an exchange filing earlier this month, the company announced, "The Board of Directors of the Company has fixed Friday, June 20, 2025, as the record date for determining the eligibility of shareholders for the purpose of sub-division/split of equity shares, such that 1 equity share of face value ₹10 will be split into 10 equity shares of face value ₹1 each."

Ajcon Global Reports Weak Q4 Performance

Ajcon Global Services ended Q4 FY25 on a weak note, as both revenue and profitability took a hit. The company reported a revenue of Rs. 3.37 crore for the quarter, marking a marginal 1.5% decline quarter-on-quarter.

The company's EBITDA turned negative, slumping to -Rs.0.72 crore, a drastic swing from a positive Rs.0.34 crore in the same quarter last year. As a result, Ajcon posted a net loss of Rs. 0.77 crore in Q4 FY25, compared to profits of Rs. 0.10 crore in Q4 FY24 and Rs. 0.26 crore in Q3 FY25. For the full year FY25, Ajcon's total revenue rose 4.5% YoY to Rs 16.81 crore. However, bottom-line performance didn't keep pace. The company's net profit dropped by 57% to Rs. 0.54 crore, down from Rs. 1.25 crore a year ago.

About Ajcon Global Services Ltd

Ajcon Global Services Limited, incorporated in 1986, is a Mumbai-based financial services company listed on the BSE. The company operates in multiple verticals, including stock broking, investment banking, corporate advisory, merchant banking, and depository participant services. Ajcon is registered with SEBI, NSDL, and BSE and caters to both retail and institutional clients across India.

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