1:2 Stock Split: Record Date - October 25; Low PE Agriculture Stock In Focus Next Week, Nears 1-Yr High

Sukhjit Starch & Chemicals, a company engaged in agriculture products, is going to split for the first time. Investors the number of shares in this company will double. The ratio for the stock split is 1:2, and the record date is fixed for next week. Sukhjit Starch has remained on a positive note broadly in 2024 so far.

Sukhjit Starch & Chemicals Share Price:

The stock price ended at Rs 592.95 apiece, marginally down on BSE after market hours of October 18. However, during the trading session, the stock touched an intraday high of Rs 608 apiece, which was near its 52-week high of Rs 619 apiece.

Sukhjit Starch's weekly gains are about 2.7%, while its monthly performance is about 5.4%. In six months, the stock is up by 24.64%. While YTD, the upside is about 21.5%.

As per Trendlyne data, the Stock Price rose 41.89% and outperformed its sector by 9.98% in the past year. While its Price to price-to-earning ratio is 17.44, lower than its sector PE ratio of 47.51. However, the Return on Equity(ROE) for the last financial year was 9.93%, less than 10%, indicating an inefficient use of shareholder's capital to generate profit.

Sukhjit Starch & Chemicals Stock Split:

Sukhjit will split for the first time in the ratio of 1:2. The company has inter-alia fixed 25th October 2024 (Friday) as the 'Record Date' for determining the entitlement of the shareholders for the Split/sub division of Equity Shares of the Company, having face value of Rs.10/- each, fully paid-up, into equity shares having face value of Rs. 5/- each, fully paid-up.

About Sukhjit Starch & Chemicals:

Sukhjit was born in the year 1943, two discerning young entrepreneurs having spotted the immense potential of the wonder grain "MAIZE", decided to set up a Corn Wet Milling Facility. After due diligence, they chose to set up the plant in a small town-ship called Phagwara in the state of "Punjab & East Punjab Union" also known as the Granary of India. Thus giving Birth to "The Sukhjit Starch & Chemicals Ltd."

Sukhjit has since grown by judicious and innovative utilisation of its unique traditions to meet the challenge of the future, from a modest beginning of 1800 TPA Corn Grind in 1943 to around 600,000 TPA of Corn Grind spread across Four Manufacturing Locations within India. Sukhjit is a leader in its field and always at the forefront amongst its peers.