1:10 Stock Split Opportunity! March 21 Record Date; Will Lower Face Value Attract More Retail Investors?

The RBI-registered NBFC Optimus Finance Limited (OFL) engages in tradable securities trading and investing. On Tuesday, the shares of Optimus Finance were trading at a 2% upper circuit limit at Rs 204.50 per share with a market cap of Rs 152.81Cr. This buying was witnessed after the Board of Directors declared record date for 1:10 stock split.

Optimus Finance Stock Split

"We wish to inform you that, the board of director of Optimus Finance Limited ('the Company') has fixed "Friday, 21st March, 2025" as the "Record Date" for the purpose of determining the entitlement/eligibility of Equity Shareholders for Sub-division/split of existing 1 (One) Equity Share of face value of Rs. 10/- (Rupees Ten Only) each fully paid up into 10 (Ten) Equity Shares of face value of Re. 1/- (Rupee One Only) each fully paid up, as approved by the members of the company by way of Postal Ballot through remote e-voting facility on 21st February, 2025 (Being last date of remote e-voting)," said Optimus Finance in a stock exchange filing.

Optimus Finance Financials

The company's revenue from operations increased significantly, rising by about 43% year over year from Rs. 26.13 crores in Q3 FY24 to Rs. 37.3 crores in Q3 FY25. Its net profit also grew by 11% year over year over the same time, rising from Rs. 2.7 crores to Rs. 3 crores. With net sales of Rs 113.00 crore for the nine-month period and a profit after tax of Rs 4.63 crore, the firm announced strong financial success for the quarter that ended in September 2024.

Optimus Finance Share Price Target

"Optimus Finance stock price is sideways to bearish on the Daily charts with strong resistance at 208. A Daily close below support of 199 could lead to a target of 178 in the near term," as per A R Ramachandran, Independent Research Analyst.

Disclaimer

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