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Multibagger Realty Company's Stock-Split With Rs. 10 Face Value: Ex-Date Next Week
Excel Realty announced a stock split with a face value of Rs. 10. The split date has been fixed on June 27, 2022. The company informed the stock exchanges, "Sub division/Split of Equity Shares of the Company from 1(One) Equity share having face value of Rs. 10/- (Rupee Ten only) each to 10 (ten) Equity Shares having face value of Rs. 1/- (Rupee One only)."
Excel Realty - stock performance on NSE
The current market price of Excel Realty closed at Rs. 9.05, gaining by 4.62%, on September 23 on NSE. In the last 1 month its share price gained by 1.69%, in the last 6 months its share price gained by 32.12%. Additionally, in the last 1 year its share price gained by 182.81%, making it a multibagger stock.
The 52-week high level of this stock is Rs. 13.30, and the 52-week low level of this stock is Rs. 2.85. This penny stock has a market capitalization of Rs. 85 crore.
Financial results
According to data available with NSE, in Q1 FY23, this company's Total Income stood at Rs. 443.13 lakh, as against Rs. 799.40 lakh in the previous quarter. The company's Profit before tax (PBT) was reported at Rs. 124.68 lakh, as against Rs. -91.56 lakh in Q4 FY22. Additionally, its Net Profit stood at Rs. 100.51 lakh, as against Rs. -99.71 lakh, in the earlier quarter.
What is a stock split?
A stock split happens means a listed company decides to increase its number of outstanding shares. So, the share price will go down, making it more affordable for new investors. A company can take this decision to attract new investors. Through a stock split, the market capitalization of a company will remain the same, only the number of shares will gain.
Disclaimer
Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, and the author are not liable for any losses caused as a result of decisions based on the article. This article only incorporates the recent stock-related information about the companies.
