1:2 Stock Split, 1:2 Bonus Issue Approved: Multibagger Small Cap Stock Hits Lower Circuit

Small cap company operating in Industrial Equipment sector, Aartech Solonics Ltd shares today hit lower circuit despite recommending 1:2 bonus share and 1:2 stock split. The company will inform the record date for bonus share and stock split in due course. Current market price of Aartech Solonics share on BSE is Rs 230.65 per share. Aartech Solonics shares offered 27% return in last 2-weeks and gained 196% in last 1-year. The company has a market capitalisation of Rs 244.26 crore. Check key details below:

Aartech Solonics Recommends Stock Split: According to the BSE filing of Aartech Solonics issued as on June 20, 2024, "The proposal of alteration in the capital of the Company by sub-division/ split of existing equity share of the Company from 1 (One) equity share having face value of Rs. 10/- each, fully paid-up into 2 (Two) equity shares having face value of Rs. 5/- each fully paid-up, subject to approval of members of the company. The Record Date for such sub-division/ split of equity shares will be intimated in due course."

Aartech Solonics Declares Bonus Issue: The exchange filing added, "The Issue of Equity Shares by way of Bonus Issue in the ratio of 1:2 [i.e. 1 (One) fully paid-up equity share for every 2 (Two) equity sharel, subject to approval of members of the company."

Aartech Solonics Share Performance: The 52-week high price of Aartech Solonics shares on BSE is Rs 264.40 per share (as on 03/05/2024) and 52-week low price is Rs 70.00 per share (as on 22/06/2023), respectively. Aartech Solonics shares offered return of 62% year-to-date, gained 74% in last 6-months, and surged 1174% in last 2-years. In last 3-years, Aartech Solonics shares gained 834%.

Aartech Solonics Dividend History: Aartech Solonics announced 4 dividends since September 15, 2020. In last 1-year, Aartech Solonics announced an equity dividend amounting to Re 0.50 per share. At the current share price of Rs 230.65, Aartech Solonics offers a dividend yield of 0.22%.

Disclaimer: The stock highlights the bonus share, stock split, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.