Multibagger Penny Stock Under Rs 60: Board Announces First-Ever 10:1 Stock Split; Check Record Date Inside

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Multibagger Penny Stock Under Rs 60: Board Announces First-Ever 10:1 Stock Split; Check Record Date Inside

The company has a market cap of over Rs 100 crore and the stock is trading at 1.12 times its book value. The

Chandrima Mercantiles Limited has announced a proposed stock split designed to enhance the liquidity of its equity shares and make them more accessible to a broader base of investors. Subject to shareholder approval, each existing equity share with a face value of Rs 10 will be subdivided into ten equity shares, each with a face value of Re 1. The company has designated Wednesday, August 20, 2025, as the Record Date to determine the eligibility of shareholders for this sub-division.

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Established in 1982, Chandrima Mercantiles Ltd primarily operates in the trading of agricultural products. Previously, the company's business activities encompassed a wider range of goods, including building materials, yarn, jute, jewellery, and ornaments, as well as cloth, textiles, gold, silver, bullion, and related items. The company has since shifted its focus to the agricultural sector for its trading operations.

The company reported net sales of Rs 8.76 crore and net loss of Rs 0.99 crore in its Quarterly Results (Q4FY25). Looking at its annual results, the net sales increased by 51 per cent to Rs 29.19 crore and net profit increased by 181 per cent to Rs 0.73 crore in FY25 compared to FY24.

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On Wednesday, shares of Chandrima Mercantiles Limited plunged 2.68 per cent to Rs 51.26 per share from its previous closing of Rs 49.92 per share. The company has a market cap of over Rs 100 crore and the stock is trading at 1.12 times its book value. The stock is up by 96.3 per cent from its 52-week low of Rs 26.23 per share and has given multibagger returns of over 1,000 per cent in 3 years.

Disclaimer: The article is for informational purposes only and not investment advice.