Penny stock under Rs 80 to keep under the radar as Board is likely to announce stock split!
The stock is up by 66.6 per cent from its 52-week low of Rs 46 per share.
Rajshree Polypack Ltd.’s Board of Directors of the company has announced a stock split of equity shares in the ratio 2:1 i.e., sub-division/split of equity shares having a face value of Rs 10 each, fully paid-up into 2 equity shares having a face value of Rs 5 each fully paid-up. The Board fixed the record date for the stock split as Wednesday, September 18, 2024.
Rajshree Polypack Ltd, established in 2011, is a leading manufacturer of plastic packaging solutions. Specialising in barrier plastic sheets, thermoformed packaging, and injection moulded products, the company caters to the dairy, food, and beverage industries. Their product range includes polypropylene, high barrier sheets, PET, HIPS, laminated sheets, and packaging solutions for various sectors. With three manufacturing units and a capacity of 25,000 MT, Rajshree Polypack serves renowned clients like Epigamia, Nestle, Havmor, Mother Dairy, Amul, Ferrero, Britannia, Kellog's, Cafe Coffee Day, Gowardhan, etc.
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On Friday, shares of Rajshree Polypack Ltd gained 4.36 per cent to Rs 76.62 per share with an intraday high of Rs 80.02 and an intraday low of Rs 76.11. The stock’s 52-week high is Rs 101.95 and its 52-week low is Rs 46. The shares of the company saw a spurt in volume by more than 3.27 times on BSE.
The company has a market cap of Rs 253.89 crore. The stock is up by 66.6 per cent from its 52-week low of Rs 46 per share. 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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