Circuit to Circuit stock: The multibagger stock recently traded pre-split in the ratio of 1:10
Circuit to circuit stocks: BSE listed Deep Diamond India shares are one of the multibagger stocks that Dalal Street has produced in the last one year. The small-cap stock with a market cap of ₹118 crore has given near multibagger returns in year-to-date (YTD) time. However, for long-term investors, the recent 1:10 stock split was icing on the cake as their holding in the stock increased 10 times. Now, an increase of ₹1 in the scrip is an increase of ₹10 in the full investment of the stock split beneficiary investors.
The multibagger stock is also included in the circuit to circuit stocks on BSE. This stock is hitting upper circuit since Jan 19, 2023. This means that the multibagger stock has been hitting the upper circuit for the last 12 sessions.
deep diamond india share price history
Shares of Deep Diamond India have given over 75 per cent return to its shareholders in the last one month as it has risen from around ₹13.75 to ₹24.60 per share during this time. In the YTD time, it has grown by 96 per cent, while in the last six months, it has given nearly 375 per cent returns to its investors. In the last one year, this small-cap stock has turned into a multibagger penny stock as it has grown from ₹1.27 to ₹24.60 per share level. However, at the end of 2019 the penny stock was trading at around Rs 1 per share. Hence, the penny stock has become a multibagger over the past three years.
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However, there is another twist in the share price history of Deep Diamond India. On January 20, 2023, this small-cap BSE listed stock got pre-split in the ratio 1:10, which means that one stock of scrip was sub-divided into 10 shares. This means that one shareholder's single stock is now 10 stocks.
₹1 lakh becomes ₹2.4 crore in three years
As the stock price stood at Rs 1 at the end of 2019, almost three years back. Deep Diamond India share price today is ₹24.60 per share. If an investor had invested ₹1 lakh in this scrip three years ago at the end of December 2019, he would have got one lakh shares of the company. After the 1:10 stock split, it would have become 1 million shares of the company. Deep Diamond share price today is ₹24.60 per share, which means that ₹1 lakh would have become ₹2.46 crore today, had the investor remained invested in the scrip during this period.
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