Penny Stock Completes 1:10 Stock Split, New ISIN Goes Live; Will It Spark A Rally Above Rs 1?

An Indian non-banking financial company (NBFC) is Enbee Trade & Finance Limited. The company was founded as a Public Limited Company on July 24, 1985, in accordance with the provisions of the Companies Act, 1956, and has been engaged in the financial industry for the past 30 years, providing unsecured loans to retail and MSME customers. After the corporation finished its 1:10 Stock Split, for which the record date was April 11th, Enbee Trade and Finance's shares closed Friday's trading session on the BSE 2.17% down at Rs 0.90 per share, with a market capitalization of Rs 51.45 Cr.

Enbee Trade & Finance Stock Split

"In continuation to our earlier communication dated March 27, 2025 and April 01, 2025 regarding Record Date for Subdivision/ Split of equity shares of the Company having face value of Rs. 10.00/- each, fully paid-up, into 10 (Ten) equity shares to equity shares having face value of Re.1/- each, fully paid-up, with effect from Friday, April 11, 2025 (Record Date), it is hereby informed that the sub-division/split will take effect under New ISIN: INE993101029," said Enbee Trade & Finance in a stock exchange filing.

"We are pleased to inform you that your ISIN - INE993101029 - Equity Shares with Face value Rs.1/- (sub-division) has been made live in the CDSL system on 09- April-2025," the company further informed stock exchanges.

Enbee Trade & Finance Financials

The company's net sales for the December 2024 quarter reached Rs 4.71 crore, up 116.29% from Rs 2.18 crore for the December 2023 quarter, according to statistics from Moneycontrol. The company's net profit for the quarter ending in December 2024 amounted to Rs. 0.82 crore as against Rs. 1.13 crore for the quarter ending in December 2023. From Rs. 0.45 crore in Q3FY24 to Rs. 3.66 crore in Q3FY25, EBITDA increased by 913.33%.

Enbee Trade & Finance Share Price Target

"Enbee Trade stock price is bearish but also oversold on the Daily charts with the next support at 0.09. Investors should buy only if the Daily close is above the resistance of 1.11 for a target of 1.77 in the near term," commented A R Ramachandran, Independent Research Analyst.

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