2:1 bonus share: Multibagger penny stock under Rs 20 as company bags new order worth Rs 3,00,00,000 from Airport Authority of India

The stock is up by 83 per cent in just 1 year and gave multibagger returns of 500 per cent in 3 years.

Sumathi Bright Shine Airport Services Private Limited, a subsidiary of Caspian Corporate Services Limited, has commenced ground handling operations at Andaman Airport, securing a ten-year contract from the Airport Authority of India (AAI). This domestic contract, valued at approximately Rs 3 crore for the initial year, is anticipated to grow in line with increasing travel and tourism to the Andaman Islands. The company's revenue from ground handling services is expected to reach Rs 3 crore in the coming year, with potential for further expansion as the region's popularity rises.

The shares of the company ex-traded bonus shares in the ratio 2:1 i.e., 2 bonus shares for every 1 equity share held by the equity shareholders of the company was ex-date Friday, August 09, 2024. Earlier, in 2013, the shares of the company ex-traded stock split of equity shares from a face value of Rs 10 to a face value of Re 1 (Ratio 10:1).

Caspian Corporate Services Ltd, founded in 2011, offers a wide range of services to businesses across India. They can handle everything from facility management (including cleaning, security, and maintenance) to property management and office support. They can also help with staffing needs, including IT professionals, and manage payroll and customer support. Originally known as Intellivate Capital Advisors Limited, the company changed its name to Caspian Corporate Services Ltd in response to a shift in management. The company has a market cap of over Rs 300 crore with a 3-year stock price CAGR of 200 per cent.

On Friday, shares of Caspian Corporate Services Ltd gained 2.84 per cent to Rs 17.41 per share from its previous closing of Rs 16.93 with an intraday high of Rs 18.19 and an intraday low of Rs 17. The stock’s 52-week high is Rs 24.82 while its 52-week low is Rs 9.49. The stock is up by 83 per cent in just 1 year and gave multibagger returns of 500 per cent in 3 years.

Disclaimer: The article is for informational purposes only and not investment advice. 

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