Double Dhamaka! 1:1 bonus share & 1:2 stock split: 130 per cent multibagger returns from 52-week low!
DSIJ Intelligence-1 / 29 Aug 2025/ Categories: Bonus and Spilt Shares, Multibaggers, Trending
The stock has given multibagger returns of over 130 per cent from its 52-week low of Rs 52 per share.
Globe International Carriers Limited has approved a 2-for-1 stock split, which will change the face value of each equity share from Rs 10 to Rs 5. Following the split, the company will issue bonus shares in a 1:1 ratio. This means that for every single share a shareholder owns, they will receive one additional bonus share. The record date for both the split and multibagger-penny-stock-coming-up-with-triple-bonanza-on-sept-05-bonus-dividend-business-expansion-id001-52017">bonus issue will be announced later, after shareholder approval is secured at the Annual General Meeting. Ultimately, a shareholder who currently holds one equity share with a face value of Rs 10 will eventually hold four equity shares, each with a face value of Rs 5.
In addition to the corporate actions, the company has also decided to amend its Memorandum of Association (MoA) to include a new main object. The company will now also engage in the generation, distribution and trading of electrical power from renewable sources, with a particular focus on solar energy. This includes the development, operation and maintenance of solar power plants, parks and rooftop systems, as well as the manufacturing and trading of related equipment like solar modules, inverters and batteries.
About the Company
Established in 2010, Globe International Carriers Ltd. is an Indian company that provides comprehensive transportation and logistics services. The company specialises in handling cargo and offers a variety of services for both domestic and international shipments, utilising multiple modes of transport. Its services include the movement of all types of industrial goods, full truckload services, supply chain and warehousing management, rail and coastal cargo movement and international freight forwarding. The company also handles customs clearance and offers specialised services like vehicle transportation and goods insurance.
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Globe International has a market cap of over Rs 300 crore with a 3-year stock price CAGR of 51 per cent. The stock has given multibagger returns of over 130 per cent from its 52-week low of Rs 52 per share.
Disclaimer: The article is for informational purposes only and not investment advice.