1:2 Stock Split & 8:1 Bonus Share Declared: Record Date Yet To Be Fixed; Buy This Stock On Monday?

The shares of Algoquant Fintech reached a 52-week high of Rs 1,169.00 during the intraday session and closed Friday 4.10% higher at Rs 1109.10 a share on BSE. From its 52-week low of Rs 739.04 on August 5, 2024, to reach a 52-week high of Rs 1,169.00 on July 4, 2025, the stock has shown a robust upward trend over the last year. This represents an impressive rise of about 58% in less than a year, demonstrating strong investor confidence and favorable market sentiment for the organization. The stock will be in focus in the upcoming sessions due to the Board's announcement of a stock split and bonus shares.

Algoquant Fintech Stock Split

The Board of Directors of the company at its meeting held on Thursday, July 3, 2025 considered and approved "Sub-division / split of each equity share of face value of Rs. 2/- (Rupees Two only) each, fully paid-up into 2 (two) equity shares of face value of Rs 1/- (Rupees One only) each, fully paid-up by alteration of Capital Clause of the Memorandum of Association of the Company, subject to the approval of the shareholders of the Company. The Record Date for reckoning eligible shareholders entitled for sub-division will be communicated later," said Algoquant Fintech in a stock exchange filing.

The stock split has been announced with a view to enhancing the liquidity of the company's equity shares and to encourage participation of retail investors by making equity shares of the company more affordable as per Algoquant Fintech.

Algoquant Fintech Bonus Shares

The Board of Directors during the same meeting also approved "The issue of Bonus Shares in the ratio of 8:1 i.e. 8 (Eight) new fully paid-up equity share of Rs. 1/- (Rupees One only) each for every 1 (one) existing fully paid-up equity share of Rs. 1/- (Rupees One only) each, to the eligible equity shareholders of the Company as on the record date by capitalisation of reserves (out of free reserves), subject to the approval of the shareholders of the Company. The record date for reckoning eligible shareholders entitled to receive bonus shares will be communicated later," Algoquant Fintech confirmed in a regulatory filing.

Increase in Authorized Share Capital of the Company

The Board of Directors considered and approved "Increase in Authorized Share Capital of the Company from existing Rs. 3,50,00,000/- (Rupees Three Crores Fifty Lakhs Only) divided into 1,65,00,000 (One Crores Sixty-Five Lakhs) equity shares of Rs. 2/- (Rupees Two only) each and 20,000 (Twenty Thousand) Redeemable Preference Shares of Rs. 100/- (Rupees One Hundred only) each to Rs. 30,00,00,000/- (Rupees Thirty Crores only) divided into 14,90,00,000 (Fourteen Crores Ninety Lakhs) Equity Shares of Rs. 2/- (Rupees Two Only) each and 20,000 (Twenty Thousand) Redeemable Preference Shares of Rs. 100/- (Rupees One Hundred only), by creation of additional 13,25,00,000 (Thirteen Crores Twenty-Five Lakhs) equity shares of Rs. 2/- (Rupees Two only) each and consequent amendment in Capital Clause of the Memorandum of Association of the Company, subject to the approval of the shareholders of the Company," said Algoquant Fintech in a stock exchange filing on July 3.

Algoquant Fintech Share Price Target

"Algoquant Fintech stock price is bullish but also very overbought on the Daily charts with strong resistance at 1169. Investors should be booking profits as a Daily close below support of 1110 could lead to a target of 1020 in the near term," commented A R Ramachandran, independent research analyst.

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