This small-cap packaging Company announced 2:1 Stock Split

This small-cap packaging Company announced 2:1 Stock Split

Prajwal Wakhare

Over the past year, the stock has delivered a return of 50.17 per cent.

The Board of Directors has proposed a share split for the company. Under this proposal, each existing equity share with a face value of Rs 10 will be split into two equity shares with a face value of Rs 5 each. The shareholders will receive two shares, for each share held. The stock split signifies the split ratio of 2:1.

The name of the company is - Rajshree Polypack Ltd

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In the Quarterly Results of June 30, 2024, the company saw an increase in revenue from Rs 69.37 crore in March 2024 to Rs 78.70 crore in June 2024, marking a growth of 13.45 per cent quarter-over-quarter and 8.27 per cent year-over-year. Net profit also grew from Rs 2.86 crore in March 2024 to Rs 3.67 crore in June 2024, reflecting a quarterly increase of 28.32 per cent and a year-over-year rise of 37.45 per cent. For the full fiscal year, revenue increased by 8.73 per cent from Rs 252 crore in FY23 to Rs 274 crore in FY24. However, net profit declined by 18.18 per cent, dropping from Rs 11 crore in FY23 to Rs 9 crore in FY24.

Rajshree Polypack Ltd has a market capitalisation of Rs 282 crore. The current price stands at Rs 76.8, reflecting a 3.28 per cent increase today. The stock's 52-week high and low for the year have been Rs 130 and Rs 49.7, respectively. Over the past year, the stock has delivered a return of 50.17 per cent.

Symphony was established in 1988, in Ahmedabad, India. The company is engaged in the manufacturing and trading of residential, commercial, and industrial air coolers in the domestic and international markets. It is the largest air cooler manufacturer in the world.

Investors should keep an eye on this micro-cap stock.

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

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