1:10 Bonus Shares; 12:29 Rights Issue & Stock Split From Rs 10 To Rs 5 To Re 1: Penny Stock Hit 5 Per Cent Upper Circuit On October 03 – Dalal Street Investment Journal

On October 3, a penny stock experienced a 5% increase in its value, reaching the upper circuit limit. This increase can be attributed to recent corporate actions such as the issuance of 1:10 bonus shares, a 12:29 rights issue, and a stock split from Rs 10 to Rs 5 to Re 1. These actions have likely generated interest among investors, leading to the surge in the stock’s price. This development was reported by the Dalal Street Investment Journal, a reputable source for financial news.