with a market capitalization of 13.28 Crore, Ontic Finserve Limited is a Small Cap company operating in the finance industry. Currently, the organization provides services related to investment and finance. The Board of Directors of the Company has fixed a record date for subdivision of equity shares from the face value of Rs. 10/- per share to Rs. 1/- per share.
“We inform you that the Company has fixed Friday, July 22, 2022 as the record date for the purpose of sub-division of equity shares from a face value of Rs. 10/.1/ each,” the company’s board of directors said in a BSE filing.
Ontic Finserv shares closed 14.75 today, up 4.09 percent from previous close 14.17. In the past one year, the stock price has risen from the lows of Rs. 4.59 at its current level on July 14, 2021, representing a multibagger return of 221.35% at the time. The stock has lost 50.83 percent of its value year (YTD) and 53.83 percent in the past six months. The stock has gained 2.29 per cent in the last one month and 9.26 per cent in the last five trading days. In today’s trading on BSE, 27,422 shares were traded. The stock touched a 52-week high 52-week low of 35.10 and on 17/01/2022 4.01 on 13/07/2021. At current price levels, the stock is trading 57.97 per cent down from its 52-week high and 267.83 per cent above its 52-week low, indicating a return higher than the 52-week-low. The stock is now trading above the 5-day, 20-day and 50-day moving averages but below the 100-day and 200-day moving averages. The bank’s book value per share is now 5.01, meaning the shares are selling at 2.94 times the book value at the current price, overvaluing the stock compared to Muthoot Finance and Bajaj Holdings.
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