1:5 Stock Split: 13th January 2025 Record Date; High Potential Pick For New Year?

The Shriyam Group's flagship company is Shardul Securities Limited, formerly known as Shriyam Securities & Finance Limited. The company's current activities include investing in debt, equity, merchant banking, IPO funding, advisory services, and broking. In addition to being listed on the BSE, the firm is also registered with the RBI as an NBFC. The company operates branches in Pune, Ahmedabad, Bangalore, and Delhi. Following the Board of Directors' announcement of the record date for the 1:5 stock split, Shardul Securities' shares closed Thursday at a 2% upper circuit limit of Rs 406.85 per share, with a market capitalisation of Rs 711.92 Cr.

Shardul Securities Stock Split Record Date

"Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Company has fixed Monday, 13th January 2025 as the "Record Date" for determining entitlement of Equity Shareholders for the purpose of sub-division/ split of existing Equity Shares of the Company, such that 1 (one) equity share having face value of Rs. 10/- (Rupees ten only) each, fully paid-up, will be sub-divided into 5 (five) equity shares having face value of Rs. 2/- (Rupees Two only) each, fully paid-up, ranking pari-passu in all respects which was approved by the Equity Shareholders through Extra-Ordinary General Meeting on 24th December 2024," said Shardul Securities in a stock exchange filing on Thursday.

Shardul Securities News

"This is to inform that in accordance with the code of conduct and SEBI (Prohibition of Insider Trading) Regulation, 2015 the Trading window for dealing in shares of the Company will remain closed to Directors, Promoters, Designated Persons and their immediate relatives from January 01, 2025 and will be opened 48 hours after the publication of the unaudited financial results of the Company for the quarter and nine months ending on December 31, 2024," Shardul Securities informed stock exchanges on 26th December.

Shardul Securities Financials

In the September 2024 quarter, the company's net sales were Rs 36.57 crore, rising 36% from Rs 26.89 crore in the September 2023 quarter. Its net profit climbed 63.87% from Rs. 15.78 crore in Q2FY24 to Rs. 25.86 crore in Q2FY25. EBITDA jumped 34.59% from Rs. 24.72 crore in the September 2023 quarter to Rs. 33.27 crore in the September 2024 quarter.

Shardul Securities Share Price Target

"Shardul Securities stock price is bullish on the Daily charts with strong support at 399. A Daily close above resistance of 420 could lead to a target of 464 in the near term," commented A R Ramachandran, Independent Research Analyst.

Disclaimer

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