1:10 Stock Split, 2 Free Share Recommended: Small Cap Stock Hits Upper Circuit, YTD Gain 113%

Small cap company operating in packaging industry, Cropster Agro Ltd shares today hit 2% upper circuit after the Board of Directors recommended 2:1 bonus shares and 1:10 stock split. Soon after the corporate action, Cropster Agro Ltd shares hit 2% upper circuit to Rs 475.10 per shares. Cropster Agro shares offered stunning returns of 45% in last 1-month and gained over 200% in last 1-year. The company has a market capitalisation of Rs 1187.75 crore. The company also informed today about its upcoming extra ordinary general meeting schedule to take place on October 17, 2024. Check key details below:

Cropster Agro Recommends Bonus Share: As per the BSE filing of the company dated September 23, 2024, "bonus Issue of Equity Shares in the ratio of 2:1 i.e., 2 Equity Shares of Re 1/- each for every 1 Equity Share of Re 1/- each held by the shareholders of the Company as on the Record Date (to be determined by the Board and will be intimated to the exchange), subject to the approval of members of the Company by Extraordinary General Meeting."

Cropster Agro Declares Stock Split/Sub-Division: The BSE filing added, "sub-division of 1 (One) Equity share of face value of Rs 10/-(Rupees Ten only) each fully paid-up to 10 (Ten) Equity shares of the face value of Re 1 (Rupee One only) each fully paid-up. Details as per the SEBI circular is enclosed as Annexure I. Considered and approved consequential amendment to the capital clause of the Memorandum of Association of Company."
Cropster Agro To Hold EGM: The Board of Directors decided to conduct the Extra Ordinary General Meeting (EoGM) as on 17th October, 2024 on Thursday at 02:00 P.M.

Cropster Agro Shares Performance: The 52-week high price of Cropster Agro Ltd shares on BSE is Rs 944.10 per share as on (13/02/2024) and 52-week low price is Rs 147.00 per share (as on 03/10/2023), respectively. Cropster Agro shares gained over 20% in last 2-weeks, rallied 678% in last 3-years, and zoomed 1271% in last 5-years.

About: The company is engaged in chemicals, plastic, and rubber products. Cropster Agro deals in a variety of products such as soda ash, acids, bases, bleaching powder, heat reaction chemicals, polypropylene bags, plastic sheets, and plastic containers. Cropster Agro derives other income from loans as well.

Disclaimer:

The stock highlights the bonus share, 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.