1:5 Stock Split 1st Ever: Thursday, December 05, 2024 Record Date; BUY?

With its three verticals-warehousing & multi-modal transportation, construction equipment rental, and turnkey infra-project execution-Tara Chand Infralogistic Solutions has been meeting India's infra-development and industrial capacity expansion demands for the past forty years. Power, oil and gas, steel, cement, renewable energy, and the construction of urban and rural infrastructure, including roads, bridges, highways, airports, metros, irrigation projects, and water pipelines, are among the industries the firm serves. With a vast fleet of heavy lifting cranes, concrete construction equipment, and hydraulic piling rigs, the firm is actively involved in major metro projects in India, mostly in Tier 1 and Tier 2 cities. Construction of Metro Rail Lines in Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Indore, Kanpur, Lucknow, Mumbai, Nagpur, Pune, and Surat is being actively participated in.

Tara Chand Infralogistic Solutions Stock Split

"In terms of Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ["SEBI (LODR), Regulations"] and rules made there under, we wish to intimate you that M/s. Tara Chand Infralogistic Solutions Limited (Formerly Known as Tara Chand logistic Solutions Limited) ('the Company') has fixed Thursday, December 05, 2024 as 'Record Date' for the purpose of determining the eligibility of shareholders of the Company for Sub-division/Split of each fully paid-up equity share having face value of Rs.10/- (Rupees Ten Only) each be subdivided into 5 (Five) fully paid-up Equity Shares having face value of Rs.2/- (Rupees Two Only) as approved by the shareholders in the Annual General Meeting held on July 25, 2024," said the company in a stock exchange filing.

Tara Chand Infralogistic Solutions Financials

Tara Chand Infralogistic Solutions' net profit jumped by 168.40% to Rs 7.22 crore in the September 2024 quarter compared to Rs 2.69 crore in the September 2023 quarter. In the quarter that ended in September 2024, sales increased by 33.05% to Rs 56.16 crore, up from Rs 42.21 crore in the year-ago quarter that ended in September 2023.

Tara Chand Infralogistic Solutions Share Price Target

"Tarachand stock price is bearish on the Daily charts with strong resistance at 415. A Daily close below support of 367 could lead to a target of 332 in the near term," said A R Ramachandran, Independent Research Analyst.

Disclaimer

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