Optimus Finance Stock in Focus After 10:1 Stock Split Announcement
Shares of Optimus Finance Limited, a Non-Deposit Taking Non-Banking Finance Company (NBFC), are attracting attention after the company's board approved a stock split in a 1:10 ratio.
Market Opening and Initial Reaction
With a market capitalization of ₹168.8 crores, Optimus Finance's shares opened in the green at ₹236.25 on the BSE, nearly 2% higher than the previous closing price of ₹231.6. This positive start reflects investor optimism following the stock split announcement.
Details of the Stock Split
According to regulatory filings with the BSE, the board of Optimus Finance approved a stock split during its meeting on January 16th. The split will be in the ratio of 1:10, meaning each existing share with a face value of ₹10 will be divided into 10 shares with a face value of ₹1 each, fully paid-up. This decision is subject to the approval of the company’s members.
The record date for the stock split will be determined after obtaining the necessary approvals and will be announced in due course.
Financial Performance
Optimus Finance has reported robust financial growth. The company’s revenue from operations increased by nearly 44% year-on-year, rising from ₹25 crores in Q2 FY24 to ₹36 crores in Q2 FY25. Similarly, the net profit jumped from ₹1.25 crores to ₹2.3 crores over the same period, a growth of approximately 84% YoY.
Stock Performance
The stock has shown exceptional performance, delivering multibagger returns of nearly 151% in one year and approximately 119.3% in the last six months. In the past month alone, shares of Optimus Finance have gained around 10%.
About Optimus Finance Limited
Incorporated in 1991, Optimus Finance Limited, formerly known as Transpek Finance Limited, is an RBI-registered NBFC. Its primary activities include non-banking finance, investments, trading in marketable securities and mutual funds, and various financing activities.
In 1995, Optimus Finance issued equity shares of ₹10 each at a premium of ₹25 per share to the public.
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