1:2 Stock Split, 1:2 Bonus Shares: Record Date Fixed; Keep Stop-Loss At Rs. 190 & Buy For Target?

Aartech Solonics Ltd. is a research and development enterprise focused on system solutions for specialised and chosen energy applications. For the purpose of growing the energy market globally, it offers all of its clients technological abilities. Upon the announcement of the record date for the 1:2 stock split and 1:2 bonus shares by the firm, Aartech Solonics' shares closed the day 5% higher at Rs 215.25 each, giving it a market valuation of Rs 228 Cr.

Aartech Solonics Record Date For Stock Split & Bonus Shares

"We wish to inform you that pursuant to the sharehorders' approval obtained through the postal Barot process on July 26, 2024, the Board of Directors in their meeting dated Saturday, July 27, 2024 has fixed Friday, August 09, 2024 as the 'Record Date', for the purpose of 1. Sub-division/ split of existing equity shares of the Company from 1 (One) equity share having face value of Rs. l0/- each, fully paid-up into 2 (Two) equity shares having face value of Rs. 5/- each fully paid-up; and 2. Ascenaining the eligibility of security holders entitled for issuance of Bonus Equity Shares of the Company in the ratio of 1:2 [i.e. 1 (One) fully paid-up equity share for every 2 (Two) equity shares] having face value of Rs. 5/- (considering the post sub-division/ split of face value of equity shares)," said Aartech Solonics in a stock exchange filing.

Aartech Solonics Financials

The company reported a net income of Rs 10.25 Cr in the quarter ended March 2024 compared to Rs 10.95 Cr in the March 2023 quarter. Its net expenses reached Rs 9.59 Cr in Q4FY24 as against Rs 9.96 Cr in Q4FY23. Aartech Solonics said its EBIT stood at Rs 0.66 Cr which was Rs 0.99 Cr while it reported a net loss of Rs 0.38 Cr in Q4FY24 compared to a loss of Rs 0.95 Cr in the same quarter of FY23.

Aartech Solonics Share Price Target

"As per my analysis, traders and investors should consider exploring stocks of Aartech Solonics Ltd in low volumes, especially if they have a very low-risk appetite. Regardless, those willing to bet on this stock can consider the buying range of Rs. 200-220 for a target price of Rs. 255-340. To cushion risks, I recommend setting a strict stop loss at Rs. 190, especially if they plan to hold this stock for 1-5 weeks," suggested V.L.A. Ambala, a Research Analyst (SEBI Registered), Co-founder - Stock Market Today (SMT).

Disclaimer

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