1:10 Stock Split, Re 1/Share Dividend In 2023: Pharma Stock Under Rs 100 Zooms 211% In 1-Yr

Small cap pharmaceuticals sector company Sigachi Industries shares zoomed 211% in last 1-year and rallied 125% in last 6-months. Current market price of Sigachi Industries shares on BSE is Rs 82.32 apiece with intraday gain of 2.36%.

The stock has been witnessing sharp rally ever since it declared its Q3 financial results on January 20, 2024. Sigachi Industries stock zoomed 60% year-to-date (YTD). Check details below:

Sigachi Industries Dividend, Stock Split In 2023: Sigachi Industries split its shares in the ratio of 1:10 in 2023 and the ex-split date was October 9, 2023. The company also declared final dividend of Re 1 in 2023 and shares traded ex-dividend on August 31, 2023. Sigachi Industries announced only 1 stock split in its history.

Sigachi Industries Stock Performance & Return Over Years: The 52-week high price of Sigachi Industries on BSE is Rs 86.69 apiece and 52-week low price is Rs 22.00 apiece, respectively. The company has a market capitalisation of Rs 2,670.30 crore. Sigachi Industries shares gained 51% in last 3-months, soared 211% in last 1-year, and offered return of 162% in last 2-years.

Sigachi Industries Financials: Sigachi Industries on January 20, 2024 declared its Q3 results. It announced a surge of 64.05% in its consolidated net profit year-on-year (YoY) to Rs 16.11 crore for the December 2023 quarter as against the net profit of Rs 9.82 crore in the corresponding quarter of last year. It announced a 64% surge in its operating profit at Rs 23 crore.

The pharma stock's consolidated revenue from operations rallied 61.47% YoY to Rs 110.95 crore for the quarter ended December 31, 2023 as compared to Rs 68.85 crore in the similar quarter last year. Its operating profit margins arrived at 20% for quarter under consideration.

Sigachi Industries About: Sigachi was incorporated in the year 1989 and established itself as one of the largest manufacturers of Microcrystalline Cellulose worldwide. With three Multilocational Facilities in Telangana and Gujarat, Sigachi has ensured supply chain reliability for its customers spread across the Globe. Its products have applications in the pharmaceutical industry, in the nutraceutical and supplement industries, the food ingredients industry and the drug formulation sector, according to its official website.

Disclaimer: The stock just highlights the rally in shares 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 ay losses. Please consult a professional advisor.