**Introduction:**
In case you are interested in high-potential penny stocks you might consider investing in Worth Investment & Trading Company Limited. It has also delivered staggering multibagger returns in terms of its one-year return of 630% and three-year return of 2000%. It has therefore attracted a lot of attention in the market. Recently, the company hinted at an exciting development that could further bolster investor interest: this may include a message of a possible extra issue of shares as a bonus or a possible announcement of a rights issue.
**Company Overview:**
Worth Investment & Trading Co Ltd is a finance and investment organization operating since 1980 and specializing in purchasing, selling and trading securities such as shares, bonds and stocks. It also avails private funding to certain organizations; thus, is not limited to a single source of income – or revenue generation method. Currently, it has a market capitalization of Rs, 615 crore and a three-year stock price CAGR of 180 % which makes the company a prominent player in the finance and investment business.
**Stock Performance:**
Leading the momentum on Monday; Worth Investment & Trading Co Ltd was trading in a 5% upper circuit to close at Rs 41. Trading of the company’s shares increased the price from Rs 39 to Rs 48 per share. 51. This shows the stock has a price range, its 52-Week high is at Rs 48. It has touched a high of Rs 55 and a low of Rs 5 in the last year. For instance, the overall value of investment may jump to as high as 60, which explains its volatility and the possibility of high earnings.
**Upcoming Board Meeting:**
They have stated that the company’s Board of Directors is scheduled to hold a meeting on Friday, August 30, 2024, and one of the matters to be considered during the meeting is the bonus issue of shares to equity shareholders. Moreover, the Board will deliberate on ways to raise the company’s authorized share capital, which may be done with the proper regulatory approval.
**Recent Developments:**
Worth Investment & Trading Co Ltd had issued stocks with a face value of Rs 10, for which they had a stock split in July 2024, making the face value of each stock Re 1. This action has brought the stock closer to the retail market investors and could partly explain some of the attention the company has been receiving of late.
**Conclusion:**
Worth Investment & Trading Co Ltd for example is a penny stock whose performance has been known to bring about high returns. If this company isn’t already on your radar, there is a bonus share announcement on the cards and let’s not forget the recent issuance of a stock split which makes shares cheaper than ever. But, like any other investment, people should consult experts or do their homework to come up with the right decision.
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**Disclaimer:**
This article should not be considered as containing investment advice. As much as possible especially when making investments one should seek the opinion of a financial advisor.(alert-warning)
