The shares of KBS India Ltd appreciated to the tune of 5% to hit the upper circuit on Thursday’s early trades. Its shares were locked at ₹ 95.90 apiece at 11:00 AM on the National Stock Exchange (NSE)
KBS India is a micro-cap company with a market capitalization of ₹ 98.93 crores in the financial services sector. It is engaged in providing stock broking services.
The company in an exchange filing said that it has fixed Friday, February 24, 2023, as the record date for determining the eligibility of shareholders for the sub-division/ split of one equity share having a face value of ₹ 10 each into 10 equity shares having a face value of ₹ 1 each, i.e., in the ratio of 1:10.
The stock has given multibagger returns of 569.23% in the past six months as its share price increased from ₹ 14.33 to ₹ 95.90. Therefore if an investor would have invested ₹ 1 lakh in the company’s shares six months ago, the value of their holdings would have been ₹ 6.69 lakhs today!
Similarly, the stock gave multibagger returns of a whopping 2303.51% in the past five years as its share price increased from ₹ 3.99 to the current level. Therefore if an investor would have invested ₹ 1 lakh in the company’s shares five years ago, the value of their holdings would have been ₹ 24.03 lakhs today!
The company’s share price reached a 52-week high of ₹ 142.5 apiece on December 07, 2022. It reached its 52-week low of ₹ 10.26 on June 15, 2022. It reached an all-time high of ₹ 142.5 on December 07, 2022, and an all-time low of ₹ 0.98 on April 07, 2016.
Written by Simran Bafna
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