Board of small cap stock, Bheema Cements Ltd has given approval to stock split. The company has a market capitalisation of Rs 528 crore. The company has been in the cement industry for more than two decades. Check key takeaways below:
1. Bheema Cements Ltd Approves Stock Split
The board of directors of the small cap stock said in the regulatory filing on November 26, 2022, "Notice is hereby given that a meeting of the Board of Directors of the Company is scheduled to be held at 05:00 PM on, Saturday the 02nd Day of December,2022, at the registered office of the Company to consider and approve, Proposal for sub-division of the Equity shares of the Company having a face value of ₹10/- each, in such manner as may be determined by the Board of Directors, subject to regulatory/statutory approvals as may be required and the approval of the shareholders of the Company."
2. Bheema Cements Ltd Stock Outlook
The current market price of the stock is Rs 162 apiece with an intraday fall of 1.40%. The stock's 52-week high is 173 apiece and 52-week low is Rs 13 apiece.
3. Bheema Cements Ltd Return
The stock has given multibagger returns to shareholders. The stock has jumped 4% in last 1-month, 13% in last 3-months, 98% in last 6-months, and 1061% in last 1-year.
4. Bheema Cements Ltd About
The company has been in the cement industry for over 2 decades with cement plant located in Ramapuram Village, Nalgonda District AP. It has its own captive mines adjacent to the factory with proven reserves of 127 million tons. The vision of the company is to be among India's top cement companies bridging latent customer demand with manufacturing and marketing practices leading to sustained growth, according to its official website.
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