600 per cent return from its 52-week low; Board announces stock split from Rs 10 to Re 1
The company has a market cap of over Rs 1,900 crore and reported positive numbers in its quarterly results (Q1FY25) and annual results (FY24).
Wonder Electricals Ltd informed that the Board of Directors of the Company announced a stock split in the ratio 10:1 i.e., For every 1 equity share having a face value of Rs 10 each into 10 equity shares having a face value of Re 1. The record date for the stock split will be announced in due course.
Wonder Electricals Ltd. manufactures and supplies various fans, established in 2014. They offer a wide range of products, including ceiling fans, exhaust fans, pedestal fans, and brushless DC (BLDC) fans. The company operates under two business models: OEM (Original Equipment Manufacturer) and ODM (Original Design Manufacturer). In the OEM model, they manufacture products based on customer specifications. In the ODM model, they design and manufacture products in-house and then market them to customers. Wonder Electricals Ltd. has two manufacturing facilities with a total installed capacity of 7.85 lakh fans per month.
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Today, shares of Wonder Electricals Ltd gained 2.5 per cent to an intraday high of Rs 1,500.85 per share from its previous closing of Rs 1,464.55 per share. The stock’s 52-week high is Rs 1,606.90 and its 52-week low is Rs 210.55. The company has a market cap of over Rs 1,900 crore and reported positive numbers in its Quarterly Results (Q1FY25) and annual results (FY24). The stock gave multibagger returns of over 600 per cent from its 52-week low of Rs 210.55 per share. Investors should keep an eye on this small-cap stock in upcoming trading sessions.
Disclaimer: The article is for informational purposes only and not investment advice.
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