Debt-free multibagger stock jumps 19.17 per cent: Board announces record date for 10:1 stock split; 100 per cent stake is owned by public
The stock is up by 93 per cent from its 52-week low of Rs 86 per share and gave multibagger returns of 1,160 per cent in 3 years.
Regis Industries Limited approved a proposal to subdivide each of its Rs 10 face value equity shares into 10 equity shares of Re 1 face value. This subdivision, subject to shareholder approval, is expected to be completed within three months of receiving such approval and fulfilling all necessary statutory requirements. The record date for the split is fixed as Thursday, January 16, 2025.
Regis Industries Limited is a Non-Banking Financial Company (NBFC) incorporated in 1982 and primarily deals in investments in shares and securities. The company merged with Frisky Tracom Private Limited and Prerana Vinimoy Private Limited in 2006-07. The company has a market cap of Rs 260 crore. The company is debt-free and a 100 per cent stake is owned by public shareholders.
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According to Quarterly Results, net sales decreased by 28 per cent to Rs 4.06 crore in Q2FY25 compared to Q2FY24. The company reported a net profit of Rs 0.05 crore in Q2FY25 compared to a net loss of Rs 0.87 crore in Q2FY24. In H1FY25, the company reported net sales of Rs 10.42 crore and net loss of Rs 0.29 crore.
On Tuesday, one of the Top Losers on BSE, the share of Regis Industries Limited gained 19.17 per cent to an intraday high of Rs 179.60 per share from its previous closing of Rs 150.70 per share. The stock is up by 93 per cent from its 52-week low of Rs 86 per share and gave multibagger returns of 1,160 per cent in 3 years.
Disclaimer: The article is for informational purposes only and not investment advice.