Stock Split Jan 2024: Agro Processing Co To Approve Soon, Shares Gain 86% YTD

Small cap company from the Agro Processing sector announced on December 28 about its upcoming board meeting scheduled to take place on January 15 wherein proposal of sub-division/stock of equity shares of the company will be considered and approved. Current market price of Manorama Industries Ltd share on BSE is Rs 1900.00 apiece with intraday gain of 1.14%. Manorama Industries shares also witnessed spurt in volume by more than 5.84 times. The company has a market capitalisation of Rs 2264.76 crore. Check details below:

Manorama Industries To Consider, Approve Stock Split: As per the BSE filing of the company dated December 28, "we hereby inform you that the Meeting of the Board of Directors of Manorama Industries Limited will be held on Monday, January 15, 2024 inter alia:

1. To consider and approve the proposal to Sub- Division /Split of the Equity Shares of the Company in such manner as may be determined by the Board of Directors and subject to approval of the Shareholders and such authorities as may be required under Section 61 of the Companies Act, 2013."

Manorama Industries Share Outlook & Return: The stock's 52-week high price is Rs 2399.95 per share and 52-week low price is Rs 894.35 per share, respectively. Manorama Industries stock declined 7.66% in last 3-months, gained 95% in last 1-year, soared 192% in last 3-years, and offered return of 852% in last 5-years.

Manorama Industries About: Established in 2005 and backed by a strong pedigree of over 4 decades in the industry, it has established a vast geographic sourcing network for raw materials. Manorama Industries Limited was established with the aim to become a one-stop shop for tree-based specialty oils and fats, according to its official website.

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The stock highlights the 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.