North India Statesman
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Penny Stock AA Plus Tradelink has decided to divide its shares into 10 parts (stock split). This step is likely to increase the liquidity of the company’s shares. The company has also set a record date for this stock split. Currently, the share price of AA Plus Tradelink is less than ₹15.
Key information about stock split
In the information given to the exchange, the company said that a share with face value of ₹ 10 will be divided into 10 parts.
- New face value: After the stock split, the face value of the shares will become ₹1 per share.
- Record Date: January 8, 2025 has been declared as the record date for share distribution.
- Shareholders who hold shares of the company till January 8, 2025 will get the benefit of the stock split.
Share performance: Good returns for investors
On Friday, the company’s shares registered a rise of 5% and closed at ₹13.70 on BSE.
- In the last one year: Share price up 67%.
- In two years: The company gave returns to investors of more than 140%.
- 52-week high: ₹26.88
- 52-week low: ₹7.01
Promoters reduced stake
There has been a continuous decrease in the promoters’ stake in AA Plus Tradelink.
- As of March 2024: Promoters held 21.32% stake.
- By September 2024: Promoters’ stake reduced to 6.74%.
- At the same time, public share increased to 93.26%.
Importance of Stock Split
A stock split provides small investors with the opportunity to purchase a larger number of shares.
- Liquidity will increase due to decrease in face value of shares.
- The facility to buy more shares at a lower price will attract small investors.
