Consecutive Investments & Trading Co Ltd, a multibagger penny stock, has announced a 1:1 bonus share issue and a 10:1 stock split.
Shareholders will get one bonus share for every share held, and each Rs 10 share will be split into 10 shares of Re 1 each. This move aims to improve liquidity and attract small investors. The company, with a market cap of Rs 75 crore, has delivered 125% returns from its 52-week low of Rs 41.60. The record date is December 6, 2024. The stock, currently trading at Rs 93.69, has been hitting consecutive lower circuits recently.