1:10 stock split: Multibagger circuit to circuit stock turns ₹1 lakh to ₹2.4 crore in 3 years
Circuit to circuit stock: BSE listed Deep Diamond India shares are one of the multibagger stocks that Dalal Street has produced in last one year. The small-cap stock with a market cap of ₹118 crore has delivered almost multibagger return in year-to-date (YTD) time. However, for long term investor, recent stock split in 1:10 ratio was like icing on the cake as their shareholding surged 10 times in the stock. Now, Re 1 appreciation in the scrip is ₹10 ascendance in absolute investment of the stock split beneficiary investors.
The multibagger stock is among circuit to circuit stocks on BSE as well. This stock has been hitting upper circuit since 19th January 2023. This means, the multibagger stock has been hitting upper circuit for last 12 sessions.
Deep Diamond India share price history
Deep Diamond India shares have delivered more than 75 per cent return to its shareholders in last one month as it has risen from around ₹13.75 to ₹24.60 apiece levels in this time. in YTD time, it has risen to the tune of 96 per cent whereas in last six months, it has delivered near 375 per cent return to its investors. In last one year, this small-cap stock has turned to a multibagger penny stock as it went up from ₹1.27 to ₹24.60 per share levels. However, the penny stock was around Re 1 apiece at the end of 2019. so, the penny stock has become a multibagger in last three years.
Click here to read latest stock market news
However, there is one more twist in Deep Diamond India share price history. On 20th January 2023, this small-cap BSE listed stock traded ex-split in 1:10 ratio that means one stock of the scrip was sub-divided into 10 shares. This means, a shareholders single stock has now become 10 stocks.
₹1 lakh turns to ₹2.4 crore in three years
As the stock was priced Re 1 around three years ago at the end of 2019. Deep Diamond India share price today is ₹24.60 apiece. If an investor had invested ₹1 lakh in this scrip three years ago at the end of December 2019, one would have got one lakh company shares. After 1:10 stock split, this would have become 10 lakh company shares. Deep Diamond share price today is ₹24.60 per share, which means one ₹1 lakh would have turned to ₹2.46 crore today, provided the investor had remained invested in the scrip throughout this period.
The BSE listed multibagger penny stock ended on Friday with trade volume of 20,24,559 and market cap of ₹118 crore. The stock is trading at its life-time high, which is 52-week high as well. Its 52-week low is ₹1.10 apiece. The stock is currently available at a PE multiple of 82 while the average sector PE is 93.60.
Know your inner investor
Do you have the nerves of steel or do you get insomniac over your investments? Let’s define your investment approach.
Take the test
Download Finplay News App to get Daily Market Updates.
More
Less
Ganesh
http://ganesh@finplay.inFinance enthusiast, Mutual fund expert.