1:2 Bonus Issue: Small Cap Stock Trades New 52-Week High, Soars 350% In 3 Months

1. Ascom Leasing & Investments Limited Bonus Issue Details

Earlier this year on January 20, 2023 the company recommended the issue of Bonus shares in the proportion of ratio of 1:2 [i.e. 1 (One)] Bonus Equity shares for every 2 (Two) fully paid-up equity share held] to the shareholders. The company fixed March 6, 2023 as the record date.

2. Ascom Leasing & Investments Limited Stock Performance & Return

Stock Performance: The current market price of the stock is Rs 439.90 apiece with intraday gain of 1.14% on NSE. The stock's 52-week high is Rs 440.00 apiece and 52-week low is Rs 33.40 apiece, respectively. The stock hit its new 52-week high in trade today.
The company has a market capitalisation of
Rs 343.54 crore.

Return: It gave 35% return in last 1-month, 350% return in last 3-monts, 427% return in last 6-months, and 933% return in last 1-year. In last 5-year, it delivered 1354% return.

3. Ascom Leasing & Investments Limited About

Ascom Leasing & Investments Limited is a leading non-banking financial company. It offers loan against properties, automobiles, and home renovation. Ascom Leasing & Investments Limited was incorporated on December 16 1986. It obtained the certificate of Commencement of Business on January 07 1987.

Disclaimer

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