888 per cent multibagger returns; Board announces stock split from Rs 10 to Rs 1 – know the record date inside
The stock gave multibagger returns of 189 per cent from its 52-week low is Rs 74.10 per share.
Today, shares of OK Play India Ltd gained 1.44 per cent to an intraday high of Rs 214.80 per share from its previous closing of Rs 211.75. The stock gave multibagger returns of 189 per cent from its 52-week low is Rs 74.10 per share.
The Board of Directors of the company has approved a stock split of equity, such that 1 equity share having a face value of Rs 10 each, fully paid-up, will be sub-divided into 10 equity shares having a face value of Rs 1 each, fully paid-up, ranking pari-passu in all respects. The Board fixed the record date for the stock split as Monday, March 11, 2024.
OK Play India boasts a market cap exceeding Rs 550 crore. OK Play India Ltd is a leading manufacturer of plastic moulded products in India, with two business segments: Toys and Automotive Components. The company's products are exported to over 60 countries around the world, and OK Play is a major player in the Indian toy industry.
India's air pollution crisis is being tackled by a powerful collaboration between OK Play India and filtration giant MANN+HUMMEL. Their innovative Pure Air Mobile Filter Box captures harmful dust particles before they enter buildings, significantly improving indoor air quality, especially in polluted areas. This partnership was born from a symposium in New Delhi, where experts like Justice Swatanter Kumar and PM advisor Tarun Kapoor emphasized the urgency of action. Solutions like the mobile air purifier and filter box, presented by WHO and MANN+HUMMEL, were highlighted alongside government initiatives like the National Clean Air Programme. This united front, with contributions from industry, government, and individuals, aims to ignite a movement for cleaner air in India.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, do download the service details here.
The company announced positive Quarterly Results (Q3FY24) and nine-month results (9MFY24) for the fiscal year 2023 – 2024. According to quarterly results, net sales increased by 1.55 per cent to Rs 40.93 per cent and net profit skyrocketed by 169.2 per cent to Rs 1.75 crore in Q3FY24 over Q2FY24. In its nine-month results, the company reported net sales of Rs 124.48 crore in 9MFY24 and 9MFY23, reported net sales of Rs 128.19 crore. The net profit skyrocketed by 2,558 per cent to Rs 1.85 crore in 9MFY24 over 9MFY23.
The stock gave multibagger returns of 150 per cent in just 1 year and a whopping 888 per cent in 3 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
For more such updates on the go, Click here to join our WhatsApp Channel