{"id":61871,"date":"2022-09-05T13:50:00","date_gmt":"2022-09-05T08:20:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=61871"},"modified":"2022-09-05T13:44:46","modified_gmt":"2022-09-05T08:14:46","slug":"multibagger-smallcap-stock-with-465-returns-announces-stock-split","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-smallcap-stock-with-465-returns-announces-stock-split\/","title":{"rendered":"Multibagger smallcap stock with 465% returns announces stock split"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-595003804\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of Colorchips New Media Ltd hit the upper circuit on Monday. The company\u2019s shares are locked at&nbsp; 131.75 apiece, up 4.98% and it has announced the sub-division of its equity shares in the ratio of 1:5.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1155732084\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Colorchips New Media Ltd is a lesser-known media company that is engaged in the business of film production, exploitation and distribution. It works across multiple formats globally, including cinema, digital, home entertainment and television syndication. It owns digital and other rights for over 4,000 feature films in seven Indian languages. It has more than one crore subscribers on YouTube.<\/p><p>The company in an exchange filing announced that its board had recommended a stock split in the ratio of 1:5, from the face value of \u20b910 each to the face value of \u20b9 2 each. This is subject to approval from the company\u2019s shareholders. Further, the company is yet to fix the record date for the stock split.<\/p><p>The subdivision of the share will be undertaken within six months of receiving approval from the shareholders, as per the filing. The company will have to amend its Memorandum of Association (MoA) to increase its share capital, post the sub-division of its shares. Moreover, its authorized share capital will increase to 9.25 crore shares with a face value of \u20b9 10 each from \u20b9 1.85 crore shares with a face value of \u20b9 2 each.<\/p><div class=\"trade-content_5\" id=\"trade-2980126768\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The stock came into focus as it attracted a \u20b9200 crore investment from Gem Global Emerging Markets, which is an alternative investment group that manages a diverse set of investment vehicles focused on emerging markets across the world.&nbsp;<\/p><p>Colorchips New Media Ltd\u2019s shares climbed 21.43% in the past five days and 13.675% in the past month. As a result, its market capitalization increased to 224.11 crores. In fact, as per year-to-date data, it has given multibagger returns of a whopping 465.45%. This means that if an investor had invested \u20b9 1,00,000 in the company\u2019s shares at the beginning of this year, the value of their holdings would have been \u20b9 4,65,450 today!<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\" id=\"h-written-by-simran-bafna\"><p><strong>Written by Simran Bafna<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2295006477\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of Colorchips New Media Ltd hit the upper circuit on Monday. The company\u2019s shares are locked at&nbsp; 131.75 apiece, up 4.98% and it has announced the sub-division of its equity shares in the ratio of 1:5. Colorchips New Media Ltd is a lesser-known media company that is engaged in the business of film [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":39466,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[3108,3238,3418,3555,3464,4048,2660,2844,3913,3912,2838,3771,2843,2659,3855,3856],"class_list":["post-61871","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-multi-bagger-stocks","tag-multi-bagger-stocks-india","tag-multibagger-companies","tag-multibagger-penny-stocks","tag-multibagger-returns","tag-multibagger-smallcaps","tag-multibagger-stock","tag-multibagger-stock-list","tag-multibagger-stock-to-buy","tag-multibagger-stock-to-watch","tag-multibagger-stocks","tag-multibagger-stocks-2022","tag-multibagger-stocks-india","tag-multibaggers","tag-stock-split","tag-stock-split-announcement"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Multibagger smallcap stock with 465% returns announces stock split - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/multibagger-smallcap-stock-with-465-returns-announces-stock-split\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Multibagger smallcap stock with 465% returns announces stock split\" \/>\n<meta property=\"og:description\" content=\"The shares of Colorchips New Media Ltd hit the upper circuit on Monday. The company\u2019s shares are locked at&nbsp; 131.75 apiece, up 4.98% and it has announced the sub-division of its equity shares in the ratio of 1:5. 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