5:1 Stock Split Likely to be Announced by this Small-Cap Company; Stock Hits Upper Circuit Today
The company is a Chennai-based company specializing in Media & Entertainment broadcasting.
Incorporated in 1999, Diksat Transworld Ltd is a Chennai-based company specializing in Media & Entertainment broadcasting. It produces and airs satellite television programming primarily in Tamil Nadu, catering to viewers through Tamil language channels. WIN TV serves as its flagship channel, complemented by the YouTube channel Mtamil. The company is involved in both creating original content and acquiring relevant broadcasting rights.
According to a press release, the Board of Directors of the company is scheduled to meet on Thursday, July 11, 2024. It is anticipated that during this meeting, an announcement will be made regarding the subdivision of equity shares or a stock split. The proposal involves dividing existing shares, which currently have a face value of Rs. 10 each, into 5 equity shares with a face value of Rs. 2 each.
Today shares of Diksat Transworld Ltd closed the day at Rs 137.55 per share on the BSE. The current market capitalization of the company stands at Rs 241.30 crore. Additionally, the stock has delivered a return of around 9 per cent in the past 3 months.
As per Quarterly Results in Q4 FY24, Diksat Transworld Ltd reported a quarterly revenue from operation of Rs 7.61 crore compared to a revenue of Rs 15.14 crore, representing a de-growth on a YoY basis. The net profit of the company stood at Rs 2.88 crore in Q4 FY24 compared to a net profit of Rs 1.85 crore. Turning attention to the annual performance of the company, it reported a revenue of Rs 18.92 crore, compared to Rs 41.56 crore in FY23. Moreover, the company’s net profit stood at Rs 1.05 crore in FY24 compared to the profit of Rs 1.93 crore.
Regarding the shareholding pattern of Diksat Transworld Ltd, the promoters own 71.49 per cent of the company and the public or retail investors hold 28.51 per cent.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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