Back-to-Back Lower Circuits In This Debt-Free Penny Stock Under Rs 80; Board Announces 2:1 Stock Split
The stock is up by 41 per cent from its 52-week low is Rs 53 per share.
On Friday, shares of Virat Leasing Limited hit a 2 per cent lower circuit to Rs 74.73 per share from its previous closing of Rs 76.25 per share. In the recent trading sessions, the stock has been hitting back-to-back lower circuits. The stock’s 52-week high is Rs 142.10 per share and its 52-week low is Rs 53 per share.
This is to inform the shareholders of Virat Leasing Limited that the company has fixed May 16, 2025, as the Record Date to determine the eligibility of shareholders for the sub-division or split of each existing fully paid-up Equity Share with a face value of Rs 10 into two fully paid-up equity shares with a face value of Rs 5 each, a decision that was approved by the shareholders during the Extra-Ordinary General Meeting held on April 25th, 2025.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, download the service details here.
Incorporated in 1984, Virat Leasing Ltd is a Non-Systematically Important Non-Deposit taking Non-Banking Finance Company (NBFC) operating in West Bengal, primarily focused on financing and investment activities. The company specialises in making investments in shares and securities, extending loans and advances, and offering other financial services, excluding insurance and pension funding. Its core services include margin funding and loans against approved securities for individuals and corporate entities, as well as investment and trading in shares and securities within the capital markets.
The company has a market cap of Rs 97 crore and is debt-free as of September 2024. The stock is up by 41 per cent from its 52-week low is Rs 53 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.