Aerospace and Defence Company to Announce Stock Split Next Week; Stock Rallied and Hits Upper Circuit on Monday!
The company’s shares have delivered an impressive return of over 320 per cent to its shareholders.
Sika Interplant Systems Ltd, an engineering-focused company serving the Aerospace, Defence & Space, and Automotive sectors in India, has scheduled a Board of Directors meeting for Friday, August 9, 2024. The Board will consider and approve several key matters, including the Unaudited Financial Results (Standalone and Consolidated) for the quarter ending June 30, 2024.
Additionally, the agenda will include a proposal to evaluate the sub-division or stock split of the Company’s existing Equity Shares, which currently have a face value of Rs 10 each and are fully paid up. This proposed sub-division or stock split will be executed as determined by the Board, subject to necessary regulatory/statutory approvals and shareholder consent.
On Monday Sika Interplant Systems Ltd shares closed at around Rs 3055.55 per share. The company’s current market capitalization stands at Rs 1295.61 crore. The stock has delivered a return of over 320 per cent in the past 1 year.
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As per the Quarterly Results, in Q4 FY24, Sika Interplant Systems Ltd recorded a revenue of Rs 37.16 crore. The operating profit for Q4 FY24 stood at Rs 6.59 crore. The net profit for Q4 FY24 was Rs 6.05 crore. Looking at the annual performance, the company generated a revenue of Rs 106 crore in FY24. The operating profit for FY24 was Rs 20 crore with a net profit of Rs 19 crore.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.