Heavy buying: High ROE & high ROCE small-cap stock hit 10 per cent upper circuit as the company announces stock split – know the record date inside!

The shares of the company have an ROE of 28.4 per cent and an ROCE of 24 per cent.

Today, one of the gainers on BSE, shares of HMA Agro Industries Ltd hit 10 per cent upper circuit to Rs 687.10 per share from its previous closing of Rs 624.65. The stock’s 52-week high is Rs 839.95 and its 52-week low is Rs 564.80. The shares of the company saw a spurt in volume by more than 2 times on BSE.

HMA Agro Industries Ltd informed that the Board of Directors of the company considered the proposal for stock split / sub-division of 1 equity share of the company having a face value of Rs 10 each into 10 equity shares having a face value of Rs 1 each, subject to regulatory/statutory approvals as may be required and the approval of the shareholders of the company. The company fixed the record date on Friday, December 29, 2023.

The company had earlier ex-traded a final dividend of Rs 3 per share, each with a face value of Rs 10, on September 15, 2023.

HMA Agro Industries Limited is a food trade organization for handling food and agro products, including frozen fresh buffalo meat, prepared/frozen natural products, vegetables, and cereals in India.

According to the Quarterly Results, the net sales increased by 17.6 per cent to Rs 971.24 crore while the net profit decreased by 12.1 per cent to Rs 44.31 crore in Q1FY24 compared to Q1FY23. According to the annual results, the net sales increased by 7 per cent to Rs 3,125.55 crore and the net profit increased by 24.46 per cent to Rs 137.32 crore in FY23 compared to FY22.

HMA Agro Industries Ltd has a market cap of Rs 3,440.8 crore. The shares of the company have an ROE of 28.4 per cent and an ROCE of 24 per cent. The stock is up by 21.65 per cent from its 52-week low of Rs 564.80 per share. Investors should keep an eye on this Small-Cap stock.

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