Multibagger stock: Ajanta Soya Ltd on Wednesday said its board has approved a 5:1 stock split. This means that now an investor will have five shares for every share.
The company said the stock split will enhance the liquidity of equity shares and make it more affordable, thereby increasing participation from small investors.
Date not disclosed yet
The company stated that the record date for the purpose of stock split will be intimated in due course. The expected time of completion is approximately 2 months from the date of approval by the Board. Explain that when a company makes additional profit from its business, then the company reserves a part of that profit capital in its reserves and surplus and in future the company will issue additional shares to its investors from the reserve and surplus. which is called bonus share.
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Strong return of 206% in a year
The company’s stock has given a multibagger return of about 206.46% in a year. A year ago on April 22, the price of this share was Rs 80.50 on BSE. The latest share price of the company is Rs 246.70. In the last five days, this stock has given a return of around 12.73%. However, on a year-over-year basis, the stock is up only 9%. On Wednesday, Ajanta Soya shares closed marginally lower at Rs 246.70 on the BSE.
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Dolly Khanna also has shares of the company
As per the shareholding pattern for the recently ended March 2022 quarter, veteran investor Dolly Khanna holds 2,34,666 shares or 1.46% stake in the company. It increased its stake during the January-March period.