Stock market today: Diligent Industries shares are one of the multibagger shares in 2021. In the latest exchange communication, the company’s management informed Indian stock exchanges of the decision to split its shares into 1:5. He also informed that the record date to ascertain the eligibility of shareholders entitled to the corporate action is April 20, 2022, i.e. today. However, market investors have already started reacting to the company’s action. The multibagger stock has hit the upper circuit in the past two sessions and on both sessions it hit its new 52-week high.
Advising of the corporate action, Diligent Industries Ltd advised BSE: “In accordance with Regulation 42 of the SEBI (Registration and Disclosure Requirements) Regulations 2015, this is to advise that the company has set Wednesday 20th April 2022 as a record date for verification of eligibility of shareholders entitled to one share in the capital of the division of 1 (one) share of capital having a par value of Rs. 5/- (rupees five only) each in 5 (five) shares of capital having a nominal value of Rs.1/- (Rupee only one) each.”
Diligent Industries stock price history
As mentioned above, Diligent Industries stocks are one of the few multibagger stocks that have generated alpha returns with a huge margin. Over the past year, this stock has gone from ₹1.61 to ₹22.20 levels each on BSE, registering an increase of approximately 1,280% over this period. Over the past six months, this penny stock has jumped from ₹2.49 levels each for ₹10:20 p.m., increasing to the tune of 800% right now. Likewise, in the last 3 months, this penny stock multibagger has gone from ₹4.51 to ₹22.20 levels, appreciating by around 400% during this period.
This multibagger stock has recently seen an increase in trading volume. Its trade volume on Tuesday was 1,94,166, which is much higher than the last 20-day average trade volume of 34,486. This is the market capital is ₹253 crores and this multibagger stock is currently quoted at its 52 week high ₹22.20 levels each.