Multibagger Share: Technology driven trading firm Algoquant Fintech is going to give bonus shares in the ratio of 1:2. This means that shareholders will get 1 share as bonus for every 2 shares of the company they hold. The bonus issue was announced on 28 December 2024. The record date for this is 8 January 2025. Shareholders whose names appear in the records of the Register of Members of the Company or the Depositories as beneficial owners of shares as on this date will be entitled to receive the bonus shares.
Earlier, the company had distributed bonus shares in the ratio of 2:5 in the years 1998 and 1996. The old name of Algoquant Fintech was Hindustan Everest Tool Limited. The company is in the business of completely hedged derivatives arbitrage. According to BSE, promoters held 65.90 percent stake as of the end of September 2024. Algoquant Fintech stock is a multibagger. It has given returns of approximately 22394 percent to investors in 5 years.
Algoquant Fintech shares rose from ₹6 to ₹1482
Shares of Algoquant Fintech closed at Rs 1482.35 on BSE on January 3, 2025. 5 years ago on January 2, 2020 the share price was Rs 6.59. If Rs 25,000 had been invested in shares 5 years ago and the shares had not been sold yet, then the investment would have been Rs 56 lakh. Similarly an investment of Rs 50,000 would have turned into more than Rs 1 crore.
According to BSE data, the stock has risen about 35 percent in a year. It has seen a rise of 8 percent in one week. The market cap of the company is Rs 2100 crore. The stock’s 52-week high of Rs 1,619.80 was recorded on March 1, 2024, and its 52-week low of Rs 972.10 was recorded on January 5, 2024.
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financial position of the company
According to data available on BSE, the company’s standalone revenue in the July-September 2024 quarter stood at Rs 21.77 crore. Meanwhile, standalone net profit was recorded at Rs 1.15 crore. Standalone revenue in FY24 stood at Rs 64.17 crore and standalone net profit stood at Rs 9.95 crore.
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