190% Rebound From 52W-Low: Small Cap Stock To Declare 1st Ever Stock Split; Bet?

An Indian business called KPT Industries Ltd. produces blowers, e-vehicles, and power equipment. The firm is based in Shirol, Maharashtra, and was established in 1976. Garden tools, blowers, control motors, replacement parts, and electric power tools are among the products made by KPT Industries. Previously, Kulkarni Power Tools Ltd. is the name of KPT Industries. Following the company's announcement to stock marketplaces that its Board of Directors will shortly announce the first-ever stock split since its founding, KPT Industries' shares closed Friday's trading session on the BSE 2.79% higher at Rs 1218.70 per share.

KPT Industries Stock Split

"This is to inform you that the Board of Directors shall discuss on the captioned sulqect and recommend to the Members the sub-division of each equity share having nominal value of Rs.5/- (Rupees Five Only) into nominal value af Re. I/- (Rupee One Only), each fully paid up ranking pari-passu in all respects with effect from such date as may be fixed for this purpose ("Record Date") by the Board (hereinafter the term 'Board ', shall be deemed to encompass any committee formed by the Board, including those constituted by the Board subsequently) of the Company, subject to Members approval through Postal Ballot mechanism," said the company in a stock exchange filing on 29th October, 2024.

KPT Industries Q2 Result Date

"Pursuant to Regulation 29 (1) (a) and (g) of SEBI (Listing Obligations and Disclosure Requirements) Regulations. 2015, we hereby inform you that Meeting of the Board of Directors of the Company is scheduled to be held on Monday, the 11th November, 2024 at 11.15 A.M., at Registered OfHce situated at Gat no. 320, At & Post Mouse Agar, Tal. Shirol: Dost. Kolhapur - 4161 03, R)r approval of following agenda: 1) Unaudited Financial Results for the half year ended as on 30.09.2024 2) Sub- Division (Stock Split) of Equity Shares of the Company for Rs. 5/- (Rupees Five Only) each to Re. I/-(Rupee One Only) each Further, kindly note that under the provisions of the SEBI (Prohibition of Insider Trading} Regulations, 2015, the trading window for dealing in securities of the Company will be closed until closing hours on November 13, 2024," KPT Industries informed stock exchanges.

KPT Industries Share Price Target

"KPT Industries stock price is bullish on the Daily charts with strong support at 1160. A Daily close above resistance of 1200 could lead to a target of 1325 in the near term," said A R Ramachandran, Independent Research Analyst.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.