Only buyers in this small-cap multibagger company with upcoming record date for stock split!

Shares that have climbed more than 100 per cent in the past year are currently trading 14 per cent below their 52-week high

The Indian benchmark indices concluded the latest trading session with marginal gains, reaching new record highs on the bourses. Leading the charts in terms of gains were the metals, capital goods, telecommunications, and FMCG sector stocks, while notable losses were observed in the energy and oil & gas sectors.

OK Play India Ltd, a Small-Cap multibagger company, experienced a notable surge in its shares, which were locked at a 5 per cent upper circuit at Rs 184.85 on the BSE. This rise can be attributed to significant buying interest spurred by the upcoming record date set for a stock split scheduled for March 11, 2024. The company announced that each existing equity share, with a face value of Rs 10, will be subdivided into 10 equity shares, each with a face value of Re 1.

Over the last year, shares of OK Play India Ltd have climbed more than 100 per cent, effectively doubling the wealth of investors. However, they are currently trading more than 14 per cent below their 52-week high of Rs 215 per share on the BSE.

When assessing the financial performance of the company on a consolidated basis for Q3FY24, it is evident that the company faced significant challenges. There was a notable setback, with a year-on-year revenue decline of 13 per cent and a substantial fall in net profit, down by 76 per cent.

OK Play India Ltd is involved in the manufacturing of various plastic moulded products, including toys, fun-stations, school furniture, infrastructure components, automotive products, and other related items.

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