1st Ever 10:1 Stock Split: Record Date Fixed; A Good Bet For New Investors?

With a market valuation of Rs 483 Cr, Vantage Knowledge Academy Ltd. is a small-cap company in the consumer discretionary industry. An Indian corporation called Vantage Knowledge Academy Limited manages banking and finance-related educational institutions. Vantage Knowledge Academy's shares reached a new 52-week high of Rs 464.45 per share, closing at a 2% upper circuit level as the record date for the company's first-ever stock split draws near for shareholders.

Vantage Knowledge Academy Stock Split Record Date

"The Board of Directors of the Company has fixed Friday, July 12, 2024 as the Record date for the purpose of determining the eligibility of shareholders of the Company for the Split/ Sub-division of shares of the Company from Face Value of Rs. 10/- each to Face value of Rs. 1/- each, fully paid-up, ranking pari-passu in all respects, as approved by the shareholders of the Company at the Extra-Ordinary General Meeting of the Company held on Saturday, June 01, 2024," said the company in a regulatory filing.

Vantage Knowledge Academy Share Price History

The stock price has gone up from Rs 13.35 to Rs 464.45 a share during the past five years, yielding a multibagger return of 3,379.03%. The stock price has risen from Rs 7.15 to the current market price during the previous three years, resulting in a multibagger return of 6,395%. Vantage Knowledge Academy's shares jumped from Rs 189.60 to the current market price in the last 1 year, resulting in a multibagger return of 144.96%. The stock price has gone up from Rs 114.10 on January 1st, 2024, to the current market price on a year-to-date basis, resulting in a multibagger return of 307.06% so far in 2024.

Vantage Knowledge Academy Share Price Target

"Book publisher company Vantage Knowledge Academy is currently in overbought conditions, as seen from its RSI readings of 87 on the daily, 82 on the weekly, and 75 on the monthly timeframe. However, the stock's momentum remains strong, underscoring its resilience. VKAL's current PE stands at 291.04 against the average sector PE of 0.77, while its P/B ratio is 28.32, highlighting its massive overvaluation. The stock with an ROE of 22.65 has delivered a one-year return of 128.25% but has not declared any dividend. Notably, the stock's 52-week low was Rs.95, while its 52-week was Rs.464.45, suggesting significant volatility in its price movements. Hence, I recommend only those with a high-risk appetite to explore this stock. However, I advise they limit their exposure due to their high valuation and concerns related to the liquidity of small-cap stocks. Those interested may consider averaging near the Rs.390-400 range, and explore fresh positions within the Rs.450-465 range for a target price of Rs.500/550/600/650/700. I recommend a holding period of 3-9 months and a strict stop loss of Rs.355 for VKAL stock," commented V.L.A. Ambala, a Research Analyst (SEBI Registered), Co-founder - Stock Market Today (SMT).

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.