Caspian Corporate Services Limited: Shares of Caspian Corporate Services Limited may remain in focus during trading tomorrow on Monday. The company’s shares rose by 3% to Rs 17.43 last Friday. Let us tell you that Sumati Bright Shine Airport Services Private Limited, a subsidiary of Caspian Corporate Services Limited, has got a 10-year contract from the Airports Authority of India (AAI). The company has started ground handling operations at Andaman Airport. This domestic contract of about Rs 3 crore for the initial year is expected to grow in line with increasing travel and tourism in the Andaman Islands. The company’s revenue from ground handling services is expected to reach Rs 3 crore in the coming year.
The company has distributed 2 bonus shares
Let us tell you that the ex-trade bonus shares of the company’s shares have been done in the ratio of 2:1, that is, the ex-date of 2 bonus shares for every 1 equity share held by the equity shareholders of the company was Friday, 09 August, 2024. Earlier in the year 2013, the shares of the company traded ex-split in the ratio of 10:1.
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Status of company shares
On Friday, shares of Caspian Corporate Services Ltd rose 2.84 per cent to Rs 17.41 per share from its previous close of Rs 16.93. It had an intraday high of Rs 18.19 and an intraday low of Rs 17. The stock’s 52-week high is Rs 24.82. Its 52-week low is Rs 9.49. The stock has gained 83 per cent in just 1 year and has given a multibagger return of 500 per cent in 3 years.
company business
Caspian Corporate Services Limited, established in 2011, provides a detailed range of services to businesses across India. Originally known as IntelliVet Capital Advisors Limited, the company changed its name to Caspian Corporate Services Limited in response to a change in management. The company has a market cap of over Rs 300 crore and a 3-year stock price CAGR of 200 percent.
