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Monday Feb 06, 2023

Multibagger BSE SME stock Rajnish Wellness surged 650 percent in 2022 declares record date for split – Business News India


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In the year 2022, there were many such companies which have given good returns to the investors. One of these companies is also Rajnish Wellness Limited. The stock of this company has given a return of up to 650 percent in the last year. Now the company is going to split the stock this month. This means that the company will divide the stock into pieces.

Recently, the board of directors of small-cap company Rajnish Wellness has fixed a record date for the stock split. The stock split will be in the ratio 1:2. This means that the eligible shareholder will get 2 shares for one share. The company has fixed the record date on January 10.

Company performance: Share of Rajnish Wellness has given multibagger returns in 2022. However, the stock is trading much lower from its intraday high of Rs 51.58. This small-cap multibagger stock has fallen up to 35 per cent in last six months. However, in the last one year, the stock has rallied from around ₹4 to ₹30.75, showing a return of around 650 per cent.

Let us tell you that this BSE SME stock came in July 2018 at an issue price of ₹95 per share. SME stock got listed at ₹100 level on BSE SME Exchange and closed at ₹100.15 after making an intraday high of ₹104.70 on the date of listing i.e. July 9, 2018.

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