In the morning trading session of Wednesday, the shares of a company in the business of providing consulting services hit a 5% upper circuit at Rs. 103.95 on BSE, after the Board of the company fixed the record date for a 1:1 stock split.
With a market capitalisation of Rs. 30.5 crores, the shares of Onesource Ideas Venture Limited opened in the green at Rs. 103.95, compared to its previous closing price of Rs. 99.
What’s the News:
As per the latest regulatory filings with the BSE, the Board of Onesource Ideas Venture Limited has fixed 13th September as the Record date for the purpose of sub-division of the equity shares.
On 18th July, the company’s Board approved the stock split in a 1:1 ratio, which means that every 1 equity share having a face value of Rs. 10 each will be divided into 1 equity share having a face value of Re. 1 each.
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The stock split was aimed at increasing the liquidity of the company’s shares, making them more affordable for individual retail investors, and expanding the shareholder base.
Financials:
The company experienced a significant growth in its revenue from operations, showing a year-on-year rise of around 10725% from Rs. 0.04 crores in Q1 FY24 to Rs. 4.33 crores in Q1 FY25.
Similarly, its net profit grew during the same period from Rs. 0.04 crores to Rs. 0.11 crores, indicating a rise of nearly 175 percent YoY.
Stock Performance:
The shares of Onesource Ideas Venture delivered positive returns of nearly 54.2 percent in one year as well as around 10.4 percent returns in the last six months.
About the company:
Onesource Ideas Venture Limited operates as a financial and corporate advisory company, and offers investment banking services, including mergers and acquisitions, business and financial restructuring, turnaround strategies, acquisition finance, strategic management, foreign collaborations, business viability studies, internal audit, and regulatory compliance services.
Written by Shivani Singh
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