Multibagger stock under Rs 100: Board announced stock split of equity shares!

Shares of this company have gained more than 100 per cent in the last one year.

Ashapuri Gold Ornament Limited informed in the exchange filing that the company’s board has approved a Split or Sub-Division of 1(One) equity share having a face value of Rs.10/-(Rupees Ten Only) each into 10(Ten) equity shares of Rs.1/-(Rupees One Only) each. The record date for the sub-division of the equity shares is fixed on Tuesday, July 18, 2023.

Ashapuri Gold Ornament Limited has delivered multibagger returns to its shareholders. During this period, shares of Ashapuri Gold Ornament Limited surged from Rs 42.55 on July 11, 2022, to Rs 87.12 on July 10, 2023, an increase of about 105 per cent in a one-year holding period.

Furthermore, in Q4FY23, the revenue of the company stood at Rs 30.19 crore which declined by 19.79 per cent YoY. The operating profit of the company stood at Rs 0.43 crore, which decreased by 64.26 per cent YoY, while the PAT of the company decreased by 92.82 per cent YoY, staying at Rs 0.03 crore.

Ashapuri Gold Ornament Limited is engaged in the business of wholesale trading of Jewellery. The Jewelleries are manufactured on a Job work basis at Ahmedabad and Rajkot. The company had entered into a partnership carrying on the business of Branded Readymade Garments having exclusive showrooms.

On Monday, the stock opened at Rs 85.50, with a high and low of Rs 88.34 and Rs 85.00. The stock closed trading at Rs 87.12, up by 3.11 per cent.