Big News for Investors! 1:5 Stock Split, Record Date Announced; Here’s How To Trade

One of the top manufacturers and exporters of premium aquaculture seafood products worldwide is Coastal Corporation Limited (India). The business exports a wide variety of shrimp products to millions of customers in the United States, Europe, Canada, the United Arab Emirates, Saudi Arabia, Australia, Hong Kong, Korea, China, and Russia. On Wednesday, following the announcement of the company's record date for a 1:5 stock split, Coastal Corporation's shares closed the day 0.92% higher on the NSE at Rs 227 per share, with a market capitalisation of Rs 304.08Cr.

Coastal Corporation Stock Split

The Board of Directors considered and approved "the sub-division/split of each equity share of face value of Rs.10/- (Rupees Ten only) each, fully paid-up into 5 (five) Equity Shares of Rs.2/- (Rupees Two only) each, fully paid-up, subject to the approval of the shareholders of the Company," Coastal Corporation informed stock exchanges.

Coastal Corporation Stock Split Record Date

"The board considered and fixed the record date as Tuesday, 04th March, 2025 for split of shares," Coastal Corporation said in a regulatory filing on Wednesday.

Coastal Corporation Q3 Financials

Coastal Corporation's net profit dropped 33.67% to Rs 1.95 crore in the December 2024 quarter from Rs 2.94 crore in the December 2023 quarter. In the quarter that ended in December 2024, sales increased 71.54% to Rs 183.55 crore, up from Rs 107.00 crore in the quarter that ended in December 2023.

Coastal Corporation Share Price Target

"Coastal Corporation stock price is slightly bullish on the Daily charts with strong support at 216. A Daily close above resistance of 239 could lead to a target of 264 in the near term," commented A R Ramachandran, Independent Research Analyst.

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