Stock Split 2023: Small cap company (small cap stock) Surya Roshni has announced record date for stock split (Sury Roshni shares). The record date for this has been fixed as 6 October 2023. The company will do a stock split in the ratio of 2:1. It means that one share will be divided into two parts. Let us tell you that companies decide to split to attract investors. Under this, shares are divided into prescribed portions. After this the share price falls.
What did Surya Roshni say?
In the information given to BSE, Surya Roshni said- Rs. One equity share of face value of 10 will be divided into two parts. October 6 has been fixed as the record date for identifying its investors.
How is the stock?
Shares of Surya Roshni fell 1.9% in Monday’s trade to Rs. closed at 977.2. The stock is up nearly 90% year-on-year. It has grown by over 380% in the last three years. Let us tell you that its 52-week low of Rs. 401, the stock rose 144% on BSE to Rs. has reached 977.2.
How were the quarterly results?
The company reported a double-digit growth in profit in the June quarter. The profit of this company was 59.13 crore rupees. In the year-ago period, this company earned Rs. 22.24 crore profit was earned. In the first quarter of the current fiscal, its revenue from operations grew by 2% to Rs. 1,875.27 crore which is Rs. 1,839.89 crores.
About the company
Surya Roshni Rs. It is a small-cap company with a market cap of 5317 crores. It is headquartered in Delhi and manufactures fans, steel, lighting, LEDs, kitchen appliances and PVC pipes. Surya exports its products to more than 44 countries and is one of the top manufacturers of LED lights in India.