1:10 Stock Split: 05th April Is The Record Date; Buy The Consumer Discretionary Stock?

One of the top companies in India for producing entertainment content is Bodhi Tree Multimedia Ltd. Since its inception, it has generated a strong lineup of over thirty shows for the majority of major broadcasters and OTT platforms. The firm has produced programs in Bengali, Tamil, Marathi, Gujarati, and Hindi, among other languages. Following the announcement of the record date for a 1:10 stock split, the small-cap consumer discretionary company's market value was recorded at Rs 208.37 Cr at the end of the business day on March 28. The stock ended with an upside gap of 8.60% at a price of Rs 166.75 apiece after the company declared a record date for 1:10 stock split.

Bodhi Tree Multimedia Stock Split Record Date

"In continuation to our previous announcement regarding Record Date for Sub-division/Split of the Equity Shares of the Company, we hereby inform to the exchange that the Record date has been shifted to Friday, 05th April 2024 for sub-division/Split of the equity shares of the Company from 1 (One) equity share having face value of Rs. 10/- (Rupees Ten only) each to 10 (Ten) equity shares having face value of Rs. 01/- (Rupees One only) each. Accordingly, Record Date for Split/Sub-division of equity shares of the Company is Friday, 05th April 2024," said Bodhi Tree Multimedia in a regulatory filing on 26.03.2024.

Bodhi Tree Multimedia Financials

The company's net income for the December 2023 quarter was Rs 12.91 Cr on a consolidated basis, up from Rs 11.20 Cr in the same quarter of 2022. In Q3FY24, its net expenses were Rs 11.99 Cr, up from Rs 10.18 Cr in Q3FY23. In the same quarter of the previous fiscal year, its EBIT was Rs 1.02 Cr, while it was Rs 0.92 Cr in the third quarter of the current fiscal. According to Bodhi Tree Multimedia, its quarterly consolidated net profit for Q3FY24 was Rs 0.28 Cr, compared to Rs 0.99 Cr in the same period of the previous fiscal year.

Bodhi Tree Multimedia Share Price Target

"Bodhi Tree Multimedia Limited is a small cap with a market Cap (Cr) of Rs 208 Cr. It is a multi-bagger stock which grew the investors' money by 1400% within the 4-year span. In the previous trading session, the stock surged 20% in intraday gave an opening above 15% and closed the day at 6% lower than its day high but 9% positive over the previous day's closing. The same pattern is seen in past price chart too therefore kits should be considered a volatile stock. Now it is bussing around in Dalal Street as the company has confirmed 05-Apr-2024 as the record date for the purpose of purpose of Split/Subdivision and as per the data available with NSE. Its current RSI indicates and moderate buying range at daily, weekly and monthly time frames. Those who are looking for high tide stocks can consider buying in above 181 and target 195 to 250 with a strict stop loss at 150. Use trailing to control your risk in it," explained V.L.A. Ambala, a Research Analyst (SEBI Registered), Co-founder - Stock Market Today (SMT).

"Bodhi Tree Multimedia is bearish on the Daily charts with strong resistance at 186. A Daily close below support of 161 could lead to a target of 147 in the near term," said AR Ramachandran from Tips2trades.

Disclaimer

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