1:1 Bonus Issue, 1:2 Stock Split: Multibagger Housing Finance Stock Fixes Record Date

Multibagger small cap company, Star Housing Finance Ltd has fixed record date for bonus issue and stock split on December 6, 2022. The record date is December 16, 2022. The company operates in NBFC sector and was incorporated in 2005. It has a market capitalisation of Rs 393 crore. Check key takeaways below:

1. Star Housing Finance Fixes Record Date For Bonus Issue, Stock Split

The board of directors of the company said in the regulatory filing, "Pursuant to Regulation 42 of the SEBI Listing Regulations, 2015 the Board of Directors has fixed record date as 16th December, 2022 for the purpcse of determining the members eligible for the allotment of sub-division of existing equity shares & bonus equity shares ofthe company."

Earlier this year, the company on October 17, 2022 had stated in the BSE filing, "Sub-division/split of 1 existing equity share of face value of ₹10 into 2 equity shares of face value of ₹5 fully paid up. Issue of 1 bonus equity share for every 1 fully paid up equity share."

2. Star Housing Finance Stock Performance

The current market price of the stock is Rs 219 apiece with an intraday gain of 2.65% in morning trade. The stock's 52-week high is quoted at Rs 226 apiece and 52-week low is quoted at Rs 80 apiece, respectively.

3. Star Housing Finance Return

The stock has given multibagger returns to shareholders. In the last 5-years, the stock has given 85% return, 243% return in last 3-years, and 152% return in last 1-year. It has jumped 46% in last 3-months.

4. Star Housing Finance About

Star Housing Finance Limited formerly known as Akme Star Housing Finance Limited is an NHB-registered housing finance company incorporated in 2005. It intends to uplift and caters to the needs of the EWS (Economically Weaker Section), LIG (Low Income Group), and MIG (Middle Income Group) households, by giving them sustainable, long-term housing finance solutions.

 

Disclaimer

The stock provides details pertaining to bonus issue and stock split. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.