22,432 per cent multibagger returns; Board to meet this week to announce bonus shares and stock split!
The stock has given multibagger returns of 370 per cent in 3 years; 8,630 per cent in 5 years and a whopping 22,432 per cent in a decade.
Algoquant Fintech Limited informed that a meeting of the Board of Directors of the Company is scheduled to be held on Thursday, July 3, 2025, at shorter notice to consider and approve the following proposals:
- The Board of Directors convened to consider and approve proposals for a corporate action aimed at enhancing shareholder value and market accessibility. The key agenda items included the issuance of bonus Shares to existing equity shareholders in a ratio to be determined by the Board. Concurrently, the Board also deliberated on a proposal to sub-divide or split the face value of the Company's equity shares, currently at Rs 2 each, into a new denomination as deemed appropriate. These measures, once finalised and approved, are intended to improve liquidity and make the shares more attractive to a broader investor base.
- To make necessary alterations in the Memorandum & Articles of Association of the company.
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Incorporated in 1983, Algoquant Fintech Ltd, formerly Hindustan Everest Tools Limited, operates as a technology-driven trading firm specialising in financial instruments. The company focuses on low-risk arbitrage and high-frequency trading within the Indian Capital Markets, leveraging sophisticated algorithms at ultra-low latencies. Algoquant is deeply involved in completely hedged derivatives arbitrage, with a strong emphasis on technology development and innovation, combining mathematics, economics, software and advanced hardware for trade and risk management.
The company has a market cap of over Rs 1,600 crore with a PE of 50x, an ROE of 38 per cent and an ROCE of 33 per cent. The stock has given multibagger returns of 370 per cent in 3 years; 8,630 per cent in 5 years and a whopping 22,432 per cent in a decade.
Disclaimer: The article is for informational purposes only and not investment advice.