Small-cap stock below ₹50 Sindhu Trade Links to list on NSE main board. Details here

Small-cap stock below ₹50:  Sindhu Trade Links is among the stocks to watch today as the stock is going to list on NSE main board. The BSE listed small-cap stock with a market cap of around ₹3,510 crore has informed Indian stock market exchanges that it is going to list on NSE main board and the company has received required approval in this regard. The stock will be listed on NSE main board on 20th June 2023 and its symbol on NSE would be SINDHUTRAD.

Small-cap stock below ₹50 informed Indian bourses in this regard citing, "Sindhu Trade Links Limited is pleased to inform that the company has received the approval from National Stock Exchange (NSE) to get direct listing (Mainboard) for its equity shares."

Commenting on the development, Rudra Sen Sindhu, Chairman at Sindhu Links said, "I am very happy that as an investor-friendly measure the company has got its equity shares listed on NSE, which eventually create greater visibility and further increases its reach. Increasing presence is of great deal to the company as there can be more and more investor interactions and involvement."

Sindhu Trade Links share price history

The small-cap stock below ₹50 has remained under base building mode for last one year, especially after issuance of bonus shares and stock split in 2022. As per the information available on BSE, the small-cap stock below ₹50 traded ex-bonus stock on 19th May 2022 for finalising the beneficiary shareholders for issuance of 2:1 bonus shares. This means, two bonus shares were issued to an eligible shareholder for holding one stock of the company leading to 200 per cent rise in shareholding of an eligible shareholders.

Likewise, the small-cap stock traded ex-split on 3rd February 2022 for stock split in 1:10 ratio. This means one stock was subdivided in 10 shares leading to 900 per cent rise in shareholding of an eligible shareholder.

About Sindhu Trade Link

Sindhu Trade Links Limited is a flagship company of the conglomerate engaged in the business of logistics, transportation, mining, coal beneficiation power generation. sponge iron and steel, stock broking, media, finance.