Multibagger Stock: Prices continuously on upper circuit since one and a half months, now company announces stock split

Multibagger Stock: Greencrest Financial Services, which has been continuously touching the upper circuit for the last one and a half months, has now announced a stock split. This has proved to be a multibagger for penny stock investors. Its shares closed today at Rs 16.51 on BSE, which is a one-year record high.

Today on September 27, the company has given information about the record date of the stock split in the regulatory filing. According to the information, the company has set a record date of October 12, 2022 for the split. After the split, the face value of the shares will come down from Rs 10 to Rs 1.

Investment in the company has increased by more than three times in a year

Investing in shares of Greencrest Financial Services has given strong returns. It has gained 231.53 per cent in one year, ie it has increased investor capital by more than three times. The market cap of Greencrest Financial Services is Rs 60.35 crore.

Since August 8, 2022, its shares are constantly touching the upper circuit. Its shares have outperformed the Sensex. It has gained 231.53 per cent in one year, while the Sensex has weakened by 4.29 per cent in the same period.

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Details about the company

Greencrest Financial Services provides financial services. Its name was earlier Marigold Glass Industries Limited and it was changed in May 2013. This company is listed on BSE and Calcutta Stock Exchange CSE. It is an NBFC which cannot deposit people’s money.

According to the information given on the company’s website, it invests its surplus funds in shares and securities. As per the shareholding pattern on BSE, the promoter holds 1.25 per cent stake.

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