Multibagger Small Cap Stock Approves 1:5 Stock Split, Shares Zoom 156% In 1-year

Board of small cap company, Akashdeep Metal Industries Ltd has given approval to 1:5 stock split. It operates as a Holding company and has a market capitalisation of Rs 128 crore. The stock has registered highest recovery from 52-week low of Rs 33 apiece. It has also registered strong EPS growth. Check key details below:

1. Akashdeep Metal Industries Declares Stock Split

The board of directors of the company said in the BSE filing, "The Board of Directors of the Company at their meeting held on today i.e., December 12th, 2022, have inter-alia considered and approved Sub-divison (split) of existing 1 (One) Equity Share of the Company having a face value of Rs. 10/- (Rupees Ten only) each fully paid up into 5 (Five) Equity Shares having a face value of Rs. 2/- (Rupees Two only) each fully paid up."

2. Akashdeep Metal Industries Stock Performance

The last trading price of the stock is Rs 122 apiece with an intraday decline of 2.54%. Its 52-week high is quoted at Rs 174 apiece and 52-week low is quoted at Rs 33 apiece, respectively.

3. Akashdeep Metal Industries Return

The stock has given multibagger returns to investors. In last 3-years, the stock has given 464% return. It has jumped 156% in last 1-year only. The shares have rallied 9% in last 3-months.

4. About Akashdeep Metal Industries

It was incorporated in the year 1983 and registered with the Reserve Bank of India as an NBFC, to carry out the following business:- 1)Business of an Investment Company and to buy, invest in, acquire, hold shares, stocks, debentures, debentures-stock, bonds, mutual fund, obligations and securities issued or guaranteed by any company constituted or carrying on business in India. 2) To hold by way of investment shares, stocks, debentures, debenture-stocks, bonds, obligation, units, securities and other investments. To carry on the business of providing loans and advances to industrial enterprises, corporations and individuals. 3)To provide loans against shares of primary and secondary market, according to its official website.

Disclaimer

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