Gujarat Based-Penny stock under Rs 2 hit upper circuit; Board likely to announce bonus shares & stock split!
The stock is trading at 0.65 times its book value and stock is up by 78 per cent from its 52-week low of Rs 1.04 per share.
On Monday, shares of Murae Organisor Limited (Formerly known as Earum Pharmaceuticals Limited) hit a 5 per cent upper circuit to Rs 1.85 per share from its previous closing of Rs 1.77 per share. The stock’s 52-week high is Rs 2.97 per share and its 52-week low is Rs 1.04 per share. The shares of the company saw a spurt in volume by more than 1.80 times on BSE.
Murae Organisor Limited informed you that a meeting of the Board of Directors of the Company will be held on Thursday, February 13, 2025, at 10:00 A.M., at the Registered Office of the Company situated at A-1311, Sun West Bank, Ashram Road, Ashram Road P.O, Ahmedabad, Gujarat - 380009 to discuss and consider, inter-alia:
- The proposal to issue bonus equity shares to the existing equity shareholders of the company.
- The proposal of sub-division of equity shares of the company.
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Murae Organisor Ltd., incorporated in 2012, operates within the pharmaceutical industry, focusing on the marketing, trading, and distribution of a diverse range of pharmaceutical formulations. The company markets over 120 products under its brand names, such as HYGNEX+, Erolon, and Calcybar, while outsourcing its manufacturing to third-party facilities. In addition to their branded products, Murae also trades in active pharmaceutical ingredients. Their product portfolio spans various therapeutic categories, including anti-biotics, antimalarials, anti-allergies, analgesics, dermatology products, neurological drugs, gastrointestinal drugs, and various supplements like calcium and multivitamins. Murae maintains an international presence, exporting to more than 15 countries across North America, CIS, Latin America, Africa, and Southeast Asia, with over 60 international products currently under registration.
The company has a market cap of Rs 172 crore and its 100 per cent stake is owned by public shareholders. The stock is trading at 0.65 times its book value and stock is up by 78 per cent from its 52-week low of Rs 1.04 per share.
Disclaimer: The article is for informational purposes only and not investment advice.