1:2 Bonus Issue: Small Cap Stock Trades New 52-Week High, Soars 350% In 3 Months

Small cap SME stock, Ascom Leasing & Investments Limited that recently announced 1:2 bonus issue hit new 52-week high in trade today. The stock delivered 350% return in just 3 months span thus more than doubling investors money. The stock will trade ex-bonus on March 6, 2023 i.e. Monday. Check details related to the stock below:

1. Ascom Leasing & Investments Limited Bonus Issue Details

Earlier this year on January 20, 2023 the company recommended the issue of Bonus shares in the proportion of ratio of 1:2 [i.e. 1 (One)] Bonus Equity shares for every 2 (Two) fully paid-up equity share held] to the shareholders. The company fixed March 6, 2023 as the record date.

2. Ascom Leasing & Investments Limited Stock Performance & Return

Stock Performance: The current market price of the stock is Rs 439.90 apiece with intraday gain of 1.14% on NSE. The stock's 52-week high is Rs 440.00 apiece and 52-week low is Rs 33.40 apiece, respectively. The stock hit its new 52-week high in trade today.
The company has a market capitalisation of
Rs 343.54 crore.

Return: It gave 35% return in last 1-month, 350% return in last 3-monts, 427% return in last 6-months, and 933% return in last 1-year. In last 5-year, it delivered 1354% return.

3. Ascom Leasing & Investments Limited About

Ascom Leasing & Investments Limited is a leading non-banking financial company. It offers loan against properties, automobiles, and home renovation. Ascom Leasing & Investments Limited was incorporated on December 16 1986. It obtained the certificate of Commencement of Business on January 07 1987.

Disclaimer

The stock gives details about bonus issue and new 52-week high. 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.