1,125 per cent Return multibagger stock: Announced Stock Split in 1:2, Net Profit zooms by 168 per cent in June quarter

The stock has displayed remarkable performance, delivering an impressive 113 per cent return in a year and a multibagger 373 per cent return in the last three years

Surya Roshni Limited announced a stock split today. As per the filing, the company held a board meeting on August 11, 2023, where they decided to split their existing shares. This split involves converting each current share with a face value of Rs. 10 into two new shares, each with a face value of Rs. 5. The record date will be announced later.

The company made this decision to enhance liquidity in the capital market, broaden the shareholder base, and make the shares more affordable to small investors.

Today the stock opened at Rs 829, almost flat from the previous day's closing price of Rs 828.29. Finally, the shares of the company concluded the day down by Rs 43, at Rs 785.95 on the BSE.

The stock's 52-week highs and lows are recorded at Rs 935 and Rs 336, respectively. The current market capitalization of the company is Rs 4276 crore.

The stock has displayed remarkable performance, delivering an impressive 113 per cent return in a year and a multibagger 373 per cent return in the last three years.

Also, Check this: 350 Percent return multibagger stock: Board announced 1:4 bonus issue, Asset book of Rs 8,86,723 crore

The company announced its June quarter results on August 11. Upon examining the company's financials, revenue from operations experienced an increase of 2 per cent YoY, going from Rs 1839 crore to Rs 1875 crore. The operating profit of the company increased from Rs 70 crore to Rs 114 crore, and the operating profit margin stood at 6 per cent.

The net profit of the company amounts to Rs 59 crore which grew significantly by 168 per cent YoY in the June quarter.

The company's return on capital employed (ROCE) and return on equity (ROE) are at 22.8 per cent and 19.7 per cent, respectively.

Keep a close eye on this trending stock.

Disclaimer: The article is for informational purposes only and not investment advice.