8:1 bonus share & 1:2 stock split; Record date-August 18, 2025: Multibagger stock with over Rs 1,900 crore market cap; Script rockets 29,200 in 10 years
DSIJ Intelligence-1Categories: Bonus and Spilt Shares, Multibaggers, Trending
The stock has given multibagger returns of 500 per cent in 3 years; 11,340 per cent in 5 years and a whopping 29,200 per cent in a decade.
Algoquant Fintech Limited has announced a series of significant corporate actions, all contingent on shareholder approval. The company plans a substantial increase in its Authorised Share Capital, from Rs 3.5 crore to Rs 30 crore, achieved by creating an additional 13.25 crore equity shares of Rs 2 each. This will result in a new capital structure comprising 14.90 crore equity shares of Rs 2 each and 20,000 redeemable preference shares of Rs 100 each. Additionally, the company will conduct a 1:2 stock split, changing the face value of each fully paid-up share from Rs 2 to Rs 1.
Following the stock split, Algoquant Fintech Limited also intends to issue bonus equity shares at an 8:1 ratio, meaning shareholders will receive eight new fully paid-up equity shares of Re 1 each for every one existing fully paid-up equity share of Re 1. The company has set August 18, 2025, as the record date for both the stock subdivision and the bonus share issue, determining which shareholders are eligible for these benefits.
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Incorporated in 1983, Algoquant Fintech Ltd, formerly Hindustan Everest Tools Limited, operates as a technology-driven trading firm specialising in financial instruments. The company focuses on low-risk arbitrage and high-frequency trading within the Indian Capital Markets, leveraging sophisticated algorithms at ultra-low latencies. Algoquant is deeply involved in completely hedged derivatives arbitrage, with a strong emphasis on technology development and innovation, combining mathematics, economics, software and advanced hardware for trade and risk management.
The company has a market cap of over Rs 1,900 crore with a PE of 60x, an ROE of 38 per cent and an ROCE of 33 per cent. The stock has given multibagger returns of 500 per cent in 3 years; 11,340 per cent in 5 years and a whopping 29,200 per cent in a decade.
Disclaimer: The article is for informational purposes only and not investment advice.