10:1 Stock Split Soon: Friday, 12th July Serving As Record Date; Should You Be A Shareholder?

One of the top institutions for offering excellent education in the finance and banking sectors is Vantage Knowledge Academy. The consumer services small-cap company is valued at more than Rs 500 Cr on the market. On Friday, the shares of Vantage Knowledge Academy ended at a 2% upper circuit limit at Rs 404.45 which was also its fresh 52-week-high level. The buying trend was witnessed in the stock after the company declared a record date for a 10:1 stock split which is going to happen on 12th July.

Vantage Knowledge Academy Stock Split

"The Board of Directors of the Company has fixed Friday, July 12, 2024 as the Record date for the purpose of determining the eligibility of shareholders of the Company for the Split/ Sub-division of shares of the Company from Face Value of Rs. 10/- each to Face value of Rs. 1/- each, fully paid-up, ranking pari-passu in all respects, as approved by the shareholders of the Company at the Extra-Ordinary General Meeting of the Company held on Saturday, June 01, 2024," said Vantage Knowledge Academy in a regulatory filing.

Vantage Knowledge Academy Trading Window Closure Update

"Pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 and in compliance with circular no. LIST/COMP/01/2019-20 dated April 02, 2019 issued by BSE Limited, the "Trading Window" for dealing in securities of the company shall remain closed w. e. f July 01st, 2024 till 48 hours after declaration of unaudited Financial Results of the Company for the quarter ended June 30th, 2024, for the Designated Persons, their immediate relatives and other Insiders of the Company as covered under the Company's Code of Conduct. Further, the date of Board Meeting for consideration of the unaudited Financial Results of the Company for the quarter ended June 30th, 2024 will be intimated in due course," said the company in a stock exchange filing.

Vantage Knowledge Academy Share Price Target

"VKAL, a book publishers company, is currently in an overbought zone with an RSI of 79 daily, 78 weekly, and 79 monthly time frame, indicating strong momentum. The stock has delivered 86.92% in 1 year, 6000.77% in 3 years, and 8127.18% in 5 years, suggesting financial growth and profitability. Meanwhile, its PE ratio of 291.04 against the average sector PE of 0.77, suggests overvaluation. On the other hand, its ROE of 22.65 suggests decent profitability and efficiency. Given its current price of Rs. 404 and prevailing performance, a pullback of 10-15% is expected, which may create a potential buying opportunity in the range of Rs. 350-370. For this stock, I recommend setting targets at Rs. 500, Rs. 550, Rs. 600, Rs. 650, and Rs. 700, for a holding period of 3-9 months. However, they must strictly adhere to the stop loss of Rs. 285 to limit risk," commented V.L.A. Ambala, a Research Analyst (SEBI Registered), Co-founder - Stock Market Today (SMT).

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.