1: 10 Stock Split: Debt-Free Penny Stock Under Rs 20 Approves Sub-Division Of Shares

Small cap textile sector stock priced under Rs 20, Mittal Life Style Ltd on Thursday approved sub-division in the ratio of 1:10. Current market price of Mittal Life Style share is Rs 16.95 per share on NSE after the gain of 2.42% intraday. Mittal Life Style stock gained 38& in last 1-year. The company has not yet informed about the record date for stock split. Check details about the debt-free stock below:

Mittal Life Style Gives Approval For Stock Split: According to the BSE filing of the company, "The Board considered the proposal for sub-division of 1 (One) equity share of the Company having face value of Rs. 10/- each into 10 (Ten) equity shares having face value of Re. 1/- each, subject to regulatory/ statutory approval as may be required and the approval of the members of the Company. The record date for the sub-division of equity shares shall be decided by the Board and will be intimated to the exchange in due course."

Mittal Life Style Stock Outlook & Return: Current market price of Mittal Life Style share is Rs 16.95 per share on NSE. Its 52-week high price is Rs 17.00 apiece and 52-week low price is Rs 6.90 per share, respectively. The company has a market capitalisation of Rs 5,016.08 lakhs. Mittal Life Style shares soared 21% in last 3-months, rallied 38% in last 1-year, and declined 46% in last 3-years.

Mittal Life Style Financials: The company for the quarter ended June 30, 2023 announced a decline of 13.17% in its standalone total income at Rs 15.40 crore as against its last quarter total income of Rs 17.73 crore. It declared its net profit after tax at Rs .35 crore in latest quarter.

Mittal Life Style About: The company Mittal Life style was incepted in the year 2005. It is located at Mumbai, the financial capital of India. It is a prominent supplier of fashion fabrics, cotton canvas denims, dupion bottom fabrics, polyester fabrics, cotton fabric, knit fabrics etc.

Disclaimer

The stock just 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 ay losses. Please consult a professional advisor.