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Business News/ Markets / Stock Markets/  Multibagger stock declares 1:10 stock split after 250% rally in 2 years

Multibagger stock: Radhagobind Commercial Ltd shares are one of the multibagger stocks that Indian stock market has produced in last two years. This BSE listed microcap stock has risen from 8 to 29.50 apiece levels in last two years, delivering more than 250 per cent return to its shareholders. However, the microcap stock has announced stock split and its board of directors has approved stock subdivision in 1:10 ratio. This means, a beneficiary shareholder's shareholding will jump 10 times after share price adjustment. The company board has revised record date for finding eligible shareholders for stock split benefit on 8th June 2023. Earlier, company board had fixed record date on 31st May 2023.

The multibagger stock informed Indian stock market bourses about stock split citing, "In compliance with Regulation 42 of SEBI (Listing Obligation and Disclosure Requirement Regulations, 2015 and pursuant to Section 91 of the Companies Act, 2013, Members of the Company hereby informed that the Company has fixed the Revised Record Date for Sub-division in face value of Equity Shares of Rs. 10/- to Re. 1/- each on 08th June, 2023."

Radhagobind Commercial Ltd share price history

The multibagger stock has risen from around 26.80 to 29.50 apiece levels on BSE in last one month, delivering around 10 per cent return to its shareholders in this time. In year-to-date (YTD) time, this small-cap stock has surged from near 23 to 29.50 apiece levels, logging to the tune of 28 per cent appreciation in this time. However, in last six months, this microcap multibagger stock had to witness some sell off pressure as it tumbled from around 34 to 29.50 apiece levels, logging near 15 per cent dip in this time. But, in last one year, this micro-cap stock has surged to the tune of over 40 per cent. In last two years, this multibagger stock has surged from around 8 to 29.50 apiece levels, delivering around 265 per cent return to its shareholders in this time. In last five years, this micro-cap stock has surged from around 15.80 to 29.50 per share levels, delivering around 85 per cent return to its shareholders.

This multibagger stock is a BSE listed stock and its current trade volume on BSE is around 9,732 that is slightly higher than its last 20 days trade volume of 8,105. Its current market cap is 4 crore, which means the stock is a low float stock and it can move any ways on a single trigger. So, it is suitable for high risk traders. Its 52-week high is 36.75 whereas its 52-week low is 18.05 apiece.

Asit Manohar
Chief Content Producer at Live Mint Digital Team
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
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Updated: 31 May 2023, 02:51 PM IST
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