Leading logistics sector company, Shreeji Translogistics Ltd has announced stock split and would seek approval of shareholders for the same. The small cap company has a market capitalisation of Rs 408 crore. The current market price of the stock is Rs 389 apiece. Check key details below:
1. Shreeji Translogistics Announces Stock Split
The board of directors of the company said in the BSE filing, "Board of Directors of the Company has, at its meeting held today i.e. on Thursday, 1st December, 2022, inter alia, decided to seek approval of the shareholders through Postal Ballot (including remote e-voting) in respect of Sub-division (Split) of equity shares of face value of Rs.10/- (Rupees Ten only) each held by shareholders of the Company, into face value of Rs. 2/- (Rupees Two only) each fully paid-up."
2. Shreeji Translogistics Stock Performance
The last trading price of the stock is Rs 389 apiece with an intraday decline of 2.32% as on December 1, 2022. The stock's 52-week high is Rs 509 and 52-week low is Rs 74.
3. Shreeji Translogistics Return
The stock has given multibagger returns to shareholders. In last 5-years, the stock has given return of 583% and in last 3-years, the return stands at 765%. The stock has jumped 419% in last 1-year. It has jumped 39% in last 3-months and 19% in last 1-month.
4. Shreeji Translogistics About
The company was incorporated in 1994 and operates in Logistics sector. It operates in Logistics sector. The vision of the company is to be a leader in the supply chain industry, providing reliable world class supply chain solutions and become the most valuable organization for all stakeholders.
The company owns vehicles and also sources directly from fleet owners and this helps the company keeps costs lower. The trucks are also under AMC contracts with the manufacturers thus ensuring better condition of the vehicle.
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