50 per cent down 52-week low: Penny stock under Rs 50 in green as company approved the voluntary delisting of equity shares
The stock is trading at 0.52 times its book value and down over 50 per cent from its 52-week high of Rs 86 per share.
On Wednesday, shares of Warren Tea Ltd gained 2.4 per cent to Rs 42 per share from its previous closing of Rs 41.03 per share. The stock’s 52-week high is Rs 86 per share and its 52-week low is Rs 35.66 per share.
The Board of Directors of Warren Tea Limited, in a meeting held on March 7, 2025, approved the voluntary delisting of the company's equity shares from the Calcutta Stock Exchange Limited. This decision was made under Regulation 6 of the SEBI (Delisting of Equity Shares) Regulations, 2021. The board also authorized the publication of a public notice to inform stakeholders about the delisting.
As Warren Tea Limited's equity shares will continue to be listed on BSE Ltd., a stock exchange with a nationwide trading terminal, the company is not required to provide an exit opportunity to its shareholders, as per the SEBI Delisting Regulations. The board meeting, which commenced at 11:00 AM and concluded at 12:00 PM, formally approved these actions.
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About the Company
Warren Tea Ltd., established in 1977, specializes in the plantation, processing, and sale of tea, primarily focusing on CTC and orthodox varieties. With four tea gardens located in the Upper Assam region, the company produces approximately 7.5 million kilograms of tea annually, catering to both domestic and international markets through auctions, private sales, and packaged tea offerings. Beyond tea production, Warren Tea also provides services such as managing legacy tea estates, fruit and industrial plantation services, and general planting services.
The company has a market cap of Rs 50 crore with a PE of 151x. The stock is trading at 0.52 times its book value and down over 50 per cent from its 52-week high of Rs 86 per share.
Disclaimer: The article is for informational purposes only and not investment advice.