Small-cap stock Sikko Industries skyrockets over 27% in just three days, hitting a 52-week high!
Written By
RAJ ANAND
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The surge came after the company announced both bonus shares and a major stock split.
Written By
RAJ ANAND
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On Thursday, Sikko shares locked in a 20% upper circuit, touching ₹124.20 per share.
Written By
RAJ ANAND
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In its October 18 board meeting, Sikko approved a 1:1 bonus share issue.
Written By
RAJ ANAND
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That means investors will get one free share for every share they already own.
Written By
RAJ ANAND
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Alongside, the board also approved a 1:10 stock split to increase liquidity.
Written By
RAJ ANAND
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Each ₹10 share will now be divided into ten ₹1 shares, boosting investor participation.
Written By
RAJ ANAND
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Sikko has yet to declare the record date for its bonus and stock split benefits.
Written By
RAJ ANAND
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The stock has surged over 82% in one month and a massive 385% in four years.
Written By
RAJ ANAND
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With a market cap crossing ₹271 crore, this small-cap player is making big waves!
Written By
RAJ ANAND
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