6:1 Stock Split: Ace Investor Dilip Kumar Lakhi-Backed Finance and Investment Company Announces Record Date for Share Split!
The company’s shares have delivered an impressive return of over 70 per cent in just 1 year only.
Established in 1994, Almondz Global Securities Ltd offers financial advisory and consultancy services. The Board of Directors of the company, through a resolution passed by circulation on July 8, 2024, has set "Tuesday, July 23, 2024" as the "Record Date" for the subdivision or stock split of existing Equity Shares. Under this plan, each fully paid-up equity share with a face value of Rs 6 will be subdivided/split into 6 equity shares with a face value of Re 1 each.
Currently, Almondz Global Securities Ltd shares are trading at around Rs 132.35 per share. The company’s current market capitalization stands at Rs 366.41 crore. The stock has delivered a return of over 70 per cent in just 1 year.
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As per the Quarterly Results, in the fourth quarter of FY24, Almondz Global Securities Ltd recorded a revenue of Rs 45.41 crore. The operating profit for Q4 FY24 stood at Rs 4.56 crore. The net profit for Q4 FY24 was Rs 6 crore. Looking at the annual performance, the company generated a revenue of Rs 116 crore in FY24, compared to Rs 76 crore in FY23. The operating profit for FY24 was Rs 15 crore, with a net profit of Rs 34 crore compared to the price of Rs 16 crore.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.