1 Share Split Into 10 Shares; Rs 180 Multibagger Stock Hits New 52-Week High, Up 190% In 1-Year

Children's toys maker, OK Play India touched a new 52-week high of Rs 187.05 apiece on Friday, rising by a whopping 226.4% from its 1-year lows. Overall, in the trading session, the smallcap stock witnessed a strong bullish tone. This upbeat trend comes after the company reported steady Q3 results. Also, the company is among the latest stock split in the ratio of 1:10.

On BSE, after market hours, OK Play India's share price ended at Rs 184 apiece, up by 3.28%. It also needs to be noted that OK Play has been on a gaining streak for four consecutive trading sessions, with an upside of 14% on this exchange.

In a year, the stock has gained by nearly 188% as of now. While the 5-year upside is humungous by 344.44%.

Sequentially, OK Play India reported steady Q3 results, however, year-on-year, the performance was under pressure. In Q3FY24, the company earned a consolidated net profit of Rs 1.06 crore compared to Rs 4.48 crore in Q3FY24, and Rs 0.41 crore in Q2FY24. While consolidated revenue stood at Rs 40.92 crore in Q3FY24 versus Rs 40.30 crore in Q2FY24 and Rs 46.98 crore in Q3FY23.

Earlier, as per the regulatory filing, on January 30, the company announced the stock split in the ratio of 1:10. This means that the company will carry a division of every 1 (one) equity share of the nominal/face value of Rs. 10/- (Rupees ten only) each into 10 (Ten) equity shares of the nominal/face value of Rs. 1/- (Rupees One only) each.

There were no mentions of a record date.

However, the company said that the reason behind the stock split was to enhance the liquidity in the capital market, to widen shareholder base and to make the shares more affordable to small investors.

OK Play India Limited was founded in 1990, to brighten the lives of children through fun and games. As of now, the company has a wide range of products in diverse categories like toys, School Furniture, and Playground Equipment. Mannequins Point-of-Purchase Products, Automotive Products, Infrastructure Products, Industrial Products Truly at OK Play diversification is synonymous with growth.

From in-house capabilities to develop products - right from designing, and mould making, to moulding, the company offers cost-effective and fast solutions for diverse applications.

Disclaimer: The write-up highlights about stock split and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.