Back-to-Back Upper Circuit & 1:10 stock split: Multibagger penny stock under Rs 25 hit upper circuit & 52-week high
DSIJ Intelligence-2Categories: Mindshare, Penny Stocks, Trending
The stock has given multibagger returns of 273.60 per cent from its 52-week low of Rs 5.62 per share.
On Monday, the share price of Bluegod Entertainment Ltd locked in the 12th back-to-back upper circuit.
Bluegod Entertainment Ltd (formerly Indra Industries Ltd) announced its Board of Directors has approved a 1-for-10 stock split of its equity shares, changing the face value from Rs 10 to Re 1 per share. This move, pending shareholder and statutory approvals, aims to enhance share liquidity and make them more accessible to retail investors. The company's authorised share capital will remain Rs 56,00,00,000, but it will be divided into 56,00,00,000 equity shares of Re 1 each post-split. The process is expected to be completed within approximately two months of shareholder approval.
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Earlier, the company issued 4,85,78,025 fully paid Equity Shares via a Rights Issue at Rs 10 per share (rights issue ratio 15:2), raising Rs 48.57 crore. The Record Date was May 15, 2025, and the Rights Issue ran from May 23 to June 6, 2025. The entitlement ratio was 15:2. The Board had approved the issue on February 13, 2025. Post-issue, total equity shares increased to 55,05,50,95.
Bluegod Entertainment Ltd, originally incorporated as Indra Industries Limited in 2010, underwent a significant transformation on September 5th, 2024, when it officially changed its name and shifted its core business from fertilisers and polymers to the dynamic realm of films and entertainment. This strategic pivot signals a new direction for the company, marking its entry into a vibrant and creative industry.
On Thursday, shares of Bluegod Entertainment Ltd hit a 2 per cent upper circuit to Rs 19.25 per share from its previous closing of Rs 18.88 per share. The company has a market cap of over Rs 100 crore. The stock has given multibagger returns of 273.60 per cent from its 52-week low of Rs 5.62 per share.
Disclaimer: The article is for informational purposes only and not investment advice.