1:5 Stock Split Soon: Electric Stock Hits Upper Circuit, Rallies 433% In 1-Yr

Small cap electric sector stock, Focus Lighting and Fixtures Ltd shares hit upper circuit on Friday, September 22. Focus Lighting and Fixtures shares approved sub-division of shares in the ratio of 1:5 on July 24 and fixed October 6, 2023 as the record date. Last trading price of Focus Lighting and Fixtures stock is Rs 788.75 per share on NSE. The NSE-listed company also recommended final dividend of Rs 1.50 per share and it traded ex-dividend on August 18, 2023. Check details below:

Focus Lighting and Fixtures Dividend: According to the NSE filing of Focus Lighting dated July 24, 2023, "Recommended the Final Dividend of Rs. 1.50/- per share on fully paid-up equity shares of the Company of face value of Rs. 10/- each for the Financial Year 2022-23, subject to the approval of the Shareholders at the ensuing Annual General Meeting of the Company. As per the BSE filing, "The Board has fixed the record date as 18th August, 2023 for the purpose of determining the names of the Shareholders who are entitled for the Final Dividend for the financial year ended 31St March, 2023, if approved."

Focus Lighting and Fixture Stock Split: Focus Lighting in its NSE filing dated July 24, 2023 said, "Approved the Sub-Division/ Split of 1 (One) Equity Share of face value of Rs. 10/- (Rupees Ten Only) fully paid up into 5 (Five) Equity Shares of Rs. 2/- (Rupees Two Only) each fully paid up, subject to the approval of the Members of the Company and any other authorities as maybe required. The record date for the sub-division of equity shares shall be decided by the Board and will be intimated to the exchanges. The details of which is enclosed herewith as Annexure I."The company on September 2, 2023 fixed October 6, 2023 as the record date for stock split.

Focus Lighting Stock Performance & Return: Last trading price of Focus Lighting share is Rs 788.75 per share with intraday gain of 4.78%. Focus Lighting shares hit upper circuit on Friday. The stock's 52-week high price is Rs 824.00 per share and 52-week low price is Rs 142.10 per share, respectively. Its market capitalisation is Rs 1,03,264.06 lakhs. Focus Lighting shares delivered shareholders return of 35% in last 3-months, gained 433% in last 1-year, and soared 3493% in last 3-years.

Focus Lighting Financial Outlook: The company for the quarter ended June 30, 2023 declared its consolidated total income at Rs 52.98 crore, up 28.87% as against preceding quarter total income of Rs 41.11 crore. It announced its recent quarter net profit after tax at Rs 9.03 crore.

Focus Lighting About: It is an award-winning professional architectural lighting design firm located in New York City. Since 1987, It has continually created unique and successful lighting design solutions for projects of all sizes including hotels, resorts, retail, restaurants, museums, nightclubs, offices, and private residences around the world, according to LinkedIn page.

Disclaimer

The stock just highlights the dividend, bonus issue 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.