Multibagger in just 1 year; Board likely to announce stock split!

The stock gave multibagger returns of 280 per cent in just 1 year and over 500 per cent in 3 years.

Ok Play India Ltd informed that a meeting of the Board of Directors of the company is being convened on Thursday, November 09, 2023, to consider and adopt, inter alia:

1) The unaudited financial results (standalone and consolidated) of the company for the quarter and half year ended on September 30, 2023.

2) Sub-division/ stock split of existing equity shares of face value of Rs 10 each, fully paid-up, by alteration of capital clause of the memorandum of association of the company.

OK Play India Ltd is a leading manufacturer of plastic moulded products in India, with two business segments: Toys and Automotive Components. The company's products are exported to over 60 countries around the world, and OK Play is a major player in the Indian toy industry.

Talking about the financials, the company has a market cap of over Rs 250 crore. According to Quarterly Results, the company reported a turnaround story wherein the company reported a net profit of Rs 0.36 crore in Q1FY24 compared to Q1FY23 and net sales increased by 5.2 per cent to Rs 43.25 crore in Q1FY24 compared to the same quarter last year.

On Wednesday, shares of OK Play India Ltd gained 2.83 per cent to Rs 111 per share with an intraday high of Rs 112.40 and an intraday low of Rs 100. The shares of the company saw a spurt in volume by more than 2.52 times on BSE.

The stock gave multibagger returns of 280 per cent in just 1 year and over 500 per cent in 3 years. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.