7096.97% Up In 3 Years! This Microcap Stock To Consider Stock-Split On 7th July

IEL Ltd. is set to consider Sub-Division/Split next week on Jul 07, 2023, according to an exchange filing by the company.

The company in its exchange filing on Jun 20, 2023, informed the BSE that the company would consider the proposal for a Sub-Division/Split of the existing Equity Shares of the Company having a face value of Rs 10/- each.

Consider & Approve Sub-Division/Split

According to the regulatory filing by the Board of Directors of IEL Ltd., "Pursuant to the provisions of Regulation 29 and other applicable Regulations, if any, of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended from time to time, this is to inform you that the meeting of the Board of Directors of the Company is scheduled to be held on Friday, 07th July, 2023 to consider and approve, inter alia, the following matters:"

1. Fixing the venue, date and time of 67th Annual General Meeting of the Company for the Financial Year 2022-23 and related matters.
2. To consider and approve the proposal for Sub-Division/ Split of the existing Equity Shares of the Company having face value of INR 10/- each, fully paid up, in such manner as may be determined by the Board of Directors and subject to approval of the Shareholders and/or any other regulatory/statutory approvals (if any).
3. Any other matter with the permission of Chair.

It added, "Further inform that, the trading window for dealing in Equity Shares of the Company by Designated Persons has already been closed vide letter dated 20th June, 2023 to BSE Limited by the Company and shall remain closed till 48 hours after the declaration of Un-Audited Standalone Financial Results of the Company for the Quarter ended 30th June, 2023 in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015."

Stock Outlook

On Friday, the stock of IEL last traded at Rs 142.50 apiece, down 5% from its current level of Rs 150 apiece on BSE. The stock traded its 52 week high on Jun' 09, 2023, at Rs 205.90 apiece, while, the 52 week low it traded on Mar' 20, 2023, at Rs 61.86 apiece.

It has fallen 15.48% in the past 1 week, and 20.44% in the past 2 weeks, respectively. It has fallen 13.71% in the past 1 month. It jumped 59.75% in the past 3 months. The stock has given 101.84% multibagger returns in the past 1 year, 7096.97% in 3 years, and 1263.64% in 5 years, respectively.

IEL is a micro-cap Agro Processing company. It has a market capitalisation of Rs 47.61 Crore.

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 any losses. Please consult a professional advisor.