New Delhi, Aug. 18 -- Shares of small-cap multibagger stock Algoquant Fintech skyrocketed 19 percent to reach a record high of Rs.91.70 on Monday, August 18. The surge coincided with the record date for two significant corporate actions by the company: an 8:1 bonus issue and a 2-for-1 stock split. These measures are designed to reward existing shareholders and improve liquidity, reflecting management's confidence in the firm's long-term growth prospects.

Algoquant Fintech had earlier announced a bonus issue in the ratio of 8:1, meaning shareholders will receive eight fully paid-up equity shares of Rs.1 each for every one share held. The bonus shares are being issued by capitalising the company's free reserves, subject to shareholder appr...