Investor Windfall! 1:10 Stock Split & 2:1 Bonus Shares: Record Date - 7 March; What’s The Next Trading Move?

With an installed capacity of 21,000 tonnes annually, Pradhin Limited was established on June 3, 1982, and produces rolled goods such as CTD bars, M S rounds, angles, and channels. The company's shares ended Tuesday at a 5% upper circuit limit of Rs 17.83 per share, with a market value of Rs 60.31 Cr. This came after the Board of Directors announced the record date for 1:10 Stock Split & 2:1 Bonus Shares.

Pradhin Record Date For Stock Split & Bonus Shares

"Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, we would like to inform you that the Company has fixed Friday, 07th March, 2025 as the Record Date, for the purpose of ascertaining the eligibility of the shareholders entitled for the following matters, in accordance with the approval of shareholders obtained through postal ballot on Friday,21st February,2025. 1. Sub-division of 1 (one) Equity share of face value of Rs. 10/- each fully paid-up to 10 (ten) Equity shares of face value of Rs. 1/- each fully paid-up. 2. Issue of 2 (two) Bonus Shares for every 1 (one) Equity Shares held by the Equity Shareholders of the Company," said Pradhin in a stock exchange filing.

Pradhin Q3 Financials

The standalone unaudited financial statements for the quarter that concluded on December 31, 2024, have been released by Pradhin Limited. The company generated revenue from operations of Rs 12,872.9 lakhs, up 56.9% on a quarter-on-quarter basis from Rs 8,205.8 lakhs in the September 2024 quarter. Its net profit increased by 45.5% QoQ to Rs 76.02 lakhs in Q3FY25 from Rs 52.23 Cr in Q2FY25. In the December 2024 quarter, its net expenses amounted to Rs 12,226.9 lakhs, up 49.6% from the September 2024 quarter's Rs 8,171.5 lakhs. In comparison to Q2FY25, earnings per share (EPS) increased by 53.8% to Rs 0.20.

Pradhin Share Price Target

"Pradhin Ltd stock price is slightly bullish on the Daily charts with strong support at 16.15. A Daily close above resistance of 18.83 could lead to a target of 22.5 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.