1:5 Stock Split: Record Date Set For March 7, Is It The Right Time To Invest In The Penny Stock Under Rs 5?

In Ahmedabad, Shangar Décor is a reputable business that was founded in 1995. Pre-wedding events, theme weddings, corporate events, religious events, property décor, lighting décor, and catering are just a few of the décor-related services it has years of experience offering its clients. Following the company's announcement of the record date for a 1:5 stock split, Shangar Decor's shares finished Friday 0.42% higher at Rs 4.75 per share, with a market valuation of Rs 46.51Cr.

Shangar Decor Stock Split

"Pursuant to Regulation 42 of Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulation, 2015, it is hereby informed that, the Board of Directors of the Company has passed the necessary Resolution through Today, February 21, 2025 and has fixed the "Record date" on Friday, March 07, 2025 for the purpose of sub-division of 1 (One) Equity Share of the Company having face value of Rs. 5/- (Rupees Five only) each fully paid-up into 5 (Five) Equity Shares having face value of Rs. 1/- (Rupee One Only) each fully paid-up," said Shangar Decor in a stock exchange filing.

Shangar Decor Q3 Financials

The company's December 2024 quarter net sales of Rs 6.55 crore was a 377.13% growth over the December 2023 quarter's net sales of Rs 1.37 crore. In the quarter that ended in December 2024, its net profit was Rs. 1.47 crore, rising 4992.04% from Rs. 0.03 crore in the quarter that ended in December 2023. EBITDA increased by 551.35% from Rs. 0.37 crore in Q3FY24 to Rs. 2.41 crore in Q3FY25.

Shangar Decor Share Price Target

"Shangar Decor stock price is slightly bullish on the Daily charts with strong support at 4.64. A Daily close above resistance of 4.92 could lead to a target of 6 in the near term," commented A R Ramachandran, Independent Research Analyst.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.