NBFC stock to watch after it sets record date for 1:10 stock split

Introduction:

Leading NBFC has announced a 1:10 stock split, setting April 18, 2025, as the record date. This move aims to enhance stock liquidity and accessibility, offering shareholders increased flexibility in trading and investment opportunities.

Share price movement of Akme Fintrade (India):

On March 18, 2025, Akme Fintrade (India) Ltd opened at ?65.91, up 0.90% from its previous close of ?65.32. The stock reached a high of ?66.79 and a low of ?65.29. By 3:22 PM, it traded at ?65.98, a 1.01% increase, with a market cap of ?281.57 crore.

Akme Fintrade Sets Record Date for 1:10 Stock Split:

Akme Fintrade (India) Limited has announced April 18, 2025, as the record date for its 1:10 stock split. The move aims to enhance liquidity by splitting one ?10 equity share into ten shares of ?1 each.

The decision, approved by the company’s Board of Directors, aligns with Regulation 42 of SEBI’s Listing Regulations. Investors holding shares on the record date will be eligible for the split. The announcement is available on the company’s website, reflecting its commitment to transparency.

The stock performance of Akme Fintrade (India) for Periods of 1 week, 1 month, and 6 months:

Akme Fintrade (India) Limited has witnessed a decline in its stock performance, with a 3.70% drop over the past week, an 8.39% fall in one month, and a significant 42.7% decline over the last six months, reflecting ongoing market challenges.

Shareholding pattern of Akme Fintrade (India):

About Akme Fintrade (India):

Akme Fintrade (India) Ltd (NSE: AFIL), an RBI-registered NBFC, specializes in retail financing for lower and middle-income groups. With 28 branches and 30+ sales points, it operates across multiple states, serving over 2 lakh customers with a growing AUM.

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(Alice Blue does not endorse any of the stocks/companies mentioned. The information provided is for educational purposes only)