FIIs Bought 10,296 Shares & 42.6 Per Cent From Its 52-Week Low; Board Announces Stock Split From Rs 10 to Rs 5
The stock is up by 42.6 per cent from its 52-week low of Rs 147.45 per share.
Rama Phosphates Limited has announced a stock split of its equity shares. Each existing Rs 10 face value share will be divided into two Rs 5 face value shares. This move aims to enhance the liquidity and affordability of the company's shares in the stock market. By increasing the number of shares available at a lower price, the company intends to attract a wider range of investors, particularly retail participants, and improve market trading activity. The company expects to complete the stock split within three months of shareholder approval.
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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According to Quarterly Results, the net sales increased by 22 per cent to Rs 209.46 crore and net profit increased by 360 per cent to Rs 3.08 crore in Q2FY25 compared to Q2FY25. In its annual results, the company reported net sales of Rs 603 crore and net loss of Rs 31 crore in FY24.
The company has a market cap of Rs 354 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 42.6 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.