Chemical stock Multibagger announced a stock split, the scenario increased by 220% after 1 year
With a market valuation of Rs. 584.29 Cr., Bharat Agri Fert & Realty Ltd. is a small cap company operating in the chemical industry. The company went public in 1962, and was soon registered on the Bombay Stock Exchange in 2001. The company is one of the leading manufacturers of NPK fertilizers in the industry, specializing in SSP fertilizer in powder and granular form. The corporation has said that the proposed stock split has received board approval.
The company said in a stock exchange filing that “The Board of Directors has approved the proposal to split the equity shares with par value of Rs.10/- each into 10 equity shares of Rs. 1/- per share, subject to the approval of the Company members.”
Talking about the reason behind the company’s aforementioned action, the Board of Directors said that the company has announced a stock split to improve the liquidity of the company’s shares on the stock market and also facilitate investors. Retail investors trade our stocks.
The Board of Directors has decided to close the share transfer book and register members for the period starting from February 21 and ending on February 28, 2023. (including two dates). The Board of Directors has set the record date to send the notice of the Annual General Meeting of Shareholders to the members and shareholders of the Company as February 3, 2023 and the cut-off date to determine the shareholders’ eligibility to participate in electronic voting. at the AGM is February 17, 2023.
On Friday, shares of Bharat Agri Fert & Realty closed on BSE at $1105.45 each, down 0.19% from the previous closing level of $1107.55. The stock recorded a total volume of 32,907 shares compared to a 20-day average volume of 35,193 shares. In the previous 5 years, the stock price increased from $139.80 from the current market price, yielding a multiple return of 666.34%. The stock price increased from $204.70 above the current market price for the past three years, yielding a multiple return of 475.76%.
The stock price increased from $349.65 over the current market price last year, resulting in a multiple return of 223.14%. The stock has a year-over-year performance of 8.00% and a multiple return of 147.94% over the past six months. Stocks hit a 52-week high of $1,215.00 on (January 27, 2023) and the 52-week low of $325.00 days (February 25, 2022). For the quarter ended December 2022 or Q3FY23, the company reported a promoter share ratio of 67.91% and a public share rate of 32.09%.
Know your inner investor
Do you have nerves of steel or do you lose sleep over your investments? Determine your investment method.
catch them all Business newsletter, Market News, Hot news Events and Latest news Update on Live Mint. Download Mint News Application to get Daily Market Updates.
