769% Gain In 2-Yrs: Small Cap Stock Falls 26% After Approving Stock Split Proposal

Small cap stock operating in Agro Processing sector, IEL Ltd witnessed a decline of 26% ever since it declared its decision to consider and approve the proposal for sub-division/stock split on June 20, 2023. Board of directors of IEL Ltd are scheduled to meet on July 7, 2023 to consider and approve stock split. Last trading price of IEL Ltd share is Rs 128.80 per share with an intraday fall of 4.98%. Check details below:

IEL Ltd To Consider Stock Split ON July 7, 2023: According to the BSE filing of the company, "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 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)."

IEL Ltd Stock Performance & Return Over Years: The small cap stock's last trading price is Rs 128.80 per share as of July 4, 2023. The stock was priced Rs 174.70 on June 20, the day when it declared the proposal to consider and approve sub-division of shares. IEL Ltd share declined 26% since June 20, 2023. The stock hit upper and lower circuit in trade today. The stock also witnessed major spurt in volume by over 14.76 times today till 11:17 am. IEL Ltd stock hit lower circuit on July 3, 2023. In last 6-months, IEL Ltd shares delivered 15% return, 26% return YTD, 92% return in last 1-year, 769% return in last 2-years, and a major 6122% return in last 3-years.

IEL Ltd Financial Performance: The company for the quarter ended March 31, 2023 declared its standalone total income at Rs 1.06 crore, down 82.05% from preceding quarter total income of Rs 5.91 crore. It declared its net profit after tax in negative at -.04 crore in latest quarter.

IEL Ltd About: The Company is involved in the business of Trading (Whole-Sale and Retail) of Chemicals, Dyes, Pigments, Intermediates and Commodities. The Company is also providing Marketing and Support Services, according to its official website.

Disclaimer: The stock just highlights the stock split/sub-division 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.