20 Upper Circuit! Stock Hits Fresh 52-Week High After Doubling Investors' Money This Year. Image Source: CanvaPro
Shares of a management consulting company hit the 20 per cent upper circuit on Monday, 20th November on the National Stock Exchange (NSE), making it one of the biggest gainers on the Dalal Street from the micro cap space. At the time of filing this report, the counter of of One Point One Solutions Limited quoted at Rs 47.50 apiece on the NSE, up by Rs 7.90 or 19.95 per cent.
The rally in the share price of this multibagger stock was witnessed after the company announced the incorporation of a wholly-owned subsidiary company incorporated as One Point One Singapore Pte. Ltd. in Singapore with an initial investment of 1 Singapore Dollar in the share capital. According to analytics, the counter has delivered a solid return of 113.48 per cent in just 6 months, resulting in wealth gain for investors.
In 2023 so far, the scrip has more than doubled investors money, gaining a whopping 197.81 per cent. In the last on year, the stock has delivered a return of 212.50 per cent.
The company went public with its Initial Public Offering (IPO) in 2017, and its shares are now listed on the NSE Emerge platform.
According to the NSE website, since its listing, the company has issued bonus shares once and also undergone a face value split. In January 2022, the company issued bonus shares in the ratio of 1:2 (one bonus share for every two existing shares) and split its equity shares in the ratio of 5:1. This means that each stock, originally with a face value of Rs 10, was split into 5 equity shares, each with a face value of Rs 2.
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