Multibagger stock under Rs 100; Board announced stock split!

From Rs 7.83 per share to Rs 69.18 per share, the shares of the company gave multibagger returns of 783.53 per cent since the stock is listed on BSE.

Tejnaksh Healthcare Ltd announced that The Board of Directors of the company have considered and approved the proposal of a sub-division/stock split of equity share having a face value of Rs 10 each fully paid up into equity shares having a face value of Rs 5 each fully paid up at the record date to be decided yet.

In 2018 and 2017, the company had previously announced bonus shares, with a ratio of 36:10 in 2018 and a 1:1 ratio in 2017.

On Tuesday, shares of Tejnaksh Healthcare Ltd zoomed 3.78 per cent to an intraday high of Rs 69.18 per share from its previous closing of Rs 66.66. At the closing bell, shares of the company ended the day in green, up 2.75 per cent to Rs 68.49 per share.

Tejnaksh Healthcare Limited is engaged in providing hospital and healthcare services in Maharashtra, focusing on clinical services, diagnostic facilities, and research. The shares of the company saw a spurt in volume by more than 1.06 times on BSE.

According to the financials, Tejnaksh Healthcare (BSE Code: 539428) has a market cap of Rs 69.56 crore with a 3-year CAGR of 18 per cent. The company reported positive numbers in its Quarterly Results (Q4) and annual results (FY23).

From Rs 7.83 per share to Rs 69.18 per share, the shares of the company gave multibagger returns of 783.53 per cent since the stock is listed on BSE (Listing date: October 29, 2015).