FIIs Bought 10,296 Shares & 40 Per Cent From Its 52-Week Low; Board Likely To Announce Stock Split
The stock is up by 40 per cent from its 52-week low of Rs 147.45 per share.
Rama Phosphates Limited informed that the Board of Directors of the company will meet on Wednesday, November 13, 2024, inter-alia, to consider and approve the following: -
- Unaudited financial results of the company for the quarter and half year ended September 30, 2024.
- Proposal of alteration in share capital of the company by sub-division/stock split of existing equity shares of the company having a face value of Rs 10 each, in such manner as may be determined by the Board of Directors subject to the approval of the shareholders of the Company and other applicable approval(s) (if any).
- Any other business matters with the permission of the chair.
Rama Phosphates Ltd., established in 1982, is a diversified chemical and agricultural company. Their primary business areas include the production of fertilizers, chemicals and oils. The company manufactures a wide range of products, including fortified fertilizers, mixed fertilizers, water-soluble complex fertilizers, micronutrients, insecticides, soil conditioners, sulfuric acid, oleum, LABSA, soya bean crude oil, soya de-oiled cake, soya refined edible oil and lecithin.
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The company has a market cap of Rs 376 crore. In September 2024, FIIs took a fresh entry and bought 10,296 shares or 0.06 per cent stake in the company. The stock is up by 40 per cent from its 52-week low of Rs 147.45 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.