Stock Under Rs 100, 10:1 Split: FIIs-backed microcap company's shares hit 20% UPPER CIRCUIT

stock under rs 100 shanti educational initiatives split: microcap company’s shares hit 20% upper circuit

Stock Under Rs 100: Shares of Shanti Educational Initiatives today zoomed 20 per cent intraday to hit day’s upper price band. The microcap stock opened in red at Rs 61.50 apiece versus the previous close of Rs 62.

A strong buying momentum was seen in the counter as it went on to hit the upper circuit of 20 per cent at Rs 74.40.

At the time of writing this report around 3 PM, the BSE-listed scrip held firmly in green to quote at Rs 70 apiece. Nearly 6 lakh shares of the company changed hands around the same time.

The stock has been gaining for the last 4 days. The scrip is trading higher than 5-day, 20-day, 50-day, 100-day and 200-day moving averages.

Shanti Educational Initiatives is engaged in the business of providing education services and related activities. It is a venture of Chiripal Group and based in Ahmedabad. The company commands a market cap of Rs 1,143.10 crore.

Shanti Educational Initiatives Stock Split

According to BSE website, the company had in July 2022 split the face value of its equity shares from Rs 10 to Re 1.

Shanti Educational Initiatives Share Price History

As per BSE analytics, shares of Shanti Educational Initiatives have delivered a multibagger return of 345 per cent in the last three years and 528 per cent in five years.

Shanti Educational Initiatives shares have a 52-week range of Rs 109.40 – Rs 51.01.

Shanti Educational Initiatives Shareholding

According to the shareholding pattern of the company as on December 2023 quarter, promoters own majority stake at 64.46 per cent, followed by FIIs at 19.01 per cent and non-institutional investors at 16.53 per cent.

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