Multibagger stock hits back-to-back upper circuits as it announces stock split, know the record date!

The stock gave multibagger returns of 621.24 per cent in just 1 year.   

Today, one of the Top Gainers on BSE, shares of RO Jewels Ltd surged 5 per cent upper circuit to Rs 32.60 per share from its previous closing of Rs 31.05. The stock gave multibagger returns of 621.24 per cent in just 1 year.   

The stock hits back-to-back upper circuits because of the announcement of a split/sub-division of 1 equity share from an existing face value of Rs 10 each to 5 equity shares with a face value of Rs 2 each. The company verified the record date for the stock split as Saturday, March 18, 2023.  

RO Jewels Limited wholesales jewellery products. The company sells gold-based chains, bracelets, silver bars and necklaces. RO Jewels serves customers worldwide.  

Talking about the financials, RO Jewels has a market cap of Rs 33 crore. In Q3FY23, the company reported net sales of Rs 104.92 crore and the net profit recorded was Rs 0.36 crore. In FY22, net sales rose by 13.88 per cent and net profit rose by 120 per cent.   

The stock has a 52-week high of Rs 66.85 and a 52-week low of Rs 4.05. Investors should keep an eye on this gems and jewellery Small-Cap stock.