Multibagger Penny Stocks Will Consider Bonus Shares, Stock Split After 140% YTD Rise

Multibagger penny stock: AA Plus Tradelink announced two potential shareholder-friendly moves, including a share split and a bonus share issue, on October 10. AA Plus Tradelink share price is up around 140 percent year-to-date (YTD), as per BSE Analytics.

Meanwhile, AA Plus Tradelink was locked in a 5% lower circuit on Thursday, October 10, closing at $$20.63.

According to a regulatory document, the Board of Directors will review these corporate actions, which may impact the accessibility and liquidity of the shares.

AA Plus Tradelink stock price history

AA Plus Tradelink shares have gained more than 139 percent from trading levels. $$8:19 closing at $$7:60 pm on October 11, Friday, as per BSE.

The stock is up about 114 percent over the one-year period and has generated multibagger returns in 2024, soaring more than 140 percent year-to-date. Despite Thursday’s drop, shares remain 27 percent below their all-time high $$26.88, reached in July 2024. The stock has gained more than 180 percent since its 52-week low $$7.01, recorded February 2024.

Stock splits aim to reduce the price of shares, making them more affordable for retail investors. It is expected to improve liquidity by increasing the number of shares available for trading, which could reduce price volatility and facilitate market transactions, according to the document.

The company emphasized that the announcement complies with SEBI regulations, including those relating to share splits and bonus issues. It also adheres to BSE disclosure guidelines, ensuring timely and accurate information to investors.

Shareholder participation

The next corporate acts will be discussed at an Extraordinary General Meeting (AGE) or by postal vote. Shareholders will have the opportunity to vote on the proposed changes. Additional details about the meeting and voting procedures will be shared soon.

Founded in 2016, AA Plus Tradelink specializes in wholesale trade services, including the supply of iron, steel, aluminum and alloy products. The company also offers aluminum window and glass hardware installation services. With a strong financial track record, AA Plus Tradelink continues to pursue growth and create value for its stakeholders.

Disclaimer: The opinions and recommendations provided in this analysis are those of individual analysts or brokerage firms, not Mint. We strongly advise investors to consult certified experts before making any investment decisions, as market conditions can change quickly and individual circumstances may vary.