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New Delhi. Shares of Bridge Securities may see a rise in the coming days. It is a micro cap company whose share is currently priced at Rs 36.50. The company has also announced the split of shares. The stock split will be in the ratio of 1:10. The record date for this has also been announced. After the announcement of the record date, the share of Bridge Securities reached a 52-week high of Rs 36.51. Let us tell you that the company has fixed July 10 as the record date for the stock split.
There is a possibility of this stock reaching Rs 100. Analyst VLA Ambala has said that this stock can reach from Rs 45 to Rs 100 in 2 to 8 months. He has suggested a stop loss of Rs 25 for the stock. The company’s shares have risen 22 percent in the last 5 days and 55 percent in a month. In the last 6 months, this stock has risen by 103 percent. This year so far, this stock has reached 125 percent and 440 percent in the last one year.
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Quarterly Results
Bridge Securities Financials earned a net income of Rs 0.32 crore in the last quarter of the last financial year. Its expenditure was Rs 0.02 crore. The company’s net profit was Rs 0.27 crore in the fourth quarter of the last financial year. Its net profit in the previous financial year was Rs 0.40 crore.
what is a stock split
In a stock split, a single share is divided into several pieces. This does not affect the market cap of the company because the value of the shares decreases in the same proportion. This will show more shares in your demat account but there will be no change in the value. Companies take the decision of stock split when they feel that their shares have become very expensive and a common man will not buy them at such a price.
(Disclaimer: The stocks mentioned here are for information purposes only. If you want to invest in any of these, then first consult a certified investment advisor. AyraNews24x7 will not be responsible for any kind of profit or loss of yours.)
Tag: Business News, Share Market
first published : July 7, 2024, 8:28 pm IST
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