Debt-free multibagger stock falls 13 per cent: Board announces 10:1 stock split; 100 per cent stake is owned by public
The stock is up by 76 per cent from its 52-week low of Rs 86 per share and gave multibagger returns of over 1,000 per cent in 3 years.
Regis Industries Limited, in its Board meeting held on November 18, 2024, approved a proposal to subdivide each of its ₹10 face value equity shares into 10 equity shares of ₹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 will be announced in due course.
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 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 net profit of Rs 0.05 crore in Q2FY25 compared to 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, share of Regis Industries Limited fall 13.08 per cent to Rs 151.20 per share from its previous closing of Rs 173.95 per share. The stock is up by 76 per cent from its 52-week low of Rs 86 per share and gave multibagger returns of over 1,000 per cent in 3 years.
Disclaimer: The article is for informational purposes only and not investment advice.