1:10 Stock Split, 2:1 Bonus Issue: Small Cap Stock Sets Record Date, 3000% Return In 2-Yrs

Small cap stock, Captain Pipes Ltd has fixed record date for 1:10 stock split and 2:1 bonus share. The stock hit 5% upper circuit in trade today after the company fixed record date for sub-division of shares and bonus issue. It gave a return of 3095% in last 2-years and 636% return in last 1-year only. Check details below:

1. Captain Pipes Ltd Decides Record Date For Stock Split & Bonus Issue

According to the BSE filing of the company, "The Company has fixed Thursday, 02nd March, 2023 as the Record Date, for the purpose of ascertaining the eligibility of the shareholders entitled for the following matters, subject to the approval of shareholders in upcoming EGM to be held on Thursday, 23rd February, 2023:

1. Sub-division of 1 (one) Equity share of face value of Rs. 10/- each fully paid-up to 10 (ten) Equity shares of face value of Rs. 1/- each fully paid-up.

2. Issue of 2 (two) Bonus Shares for every 1 (one) Equity Shares held by the Equity Shareholders of the Company."

2. Captain Pipes Ltd Stock Performance & Return

Last trading price of the stock is Rs 670.95 apiece with an intraday gain of 5.00%. The stock hit upper circuit in trade today. The 52-week high is Rs 790.00 apiece and 52-week low is Rs 72.00 apiece, respectively.

The stock rallied 636% in last 1-year, 3095% in last 2-years, and 2583% in last 3-years.

3. Captain Pipes Ltd About

Captain is a leading manufacturer and exporter of PVC pipes. It offers a complete range of piping solution for application in agriculture, plumbing and drainage. Its products include uPVC Column Pipes, Borewell pipes, uPVC Pressure Pipes, uPVC Pressure Fittings, etc. It offers quality plumbing pipes and fittings.

Disclaimer

The stock gives details about record date for 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.