Multibagger Chemicals Stock To Consider Stock Split In October End, Shares Likely To Jump

Vishnu Chemicals Ltd came into existence in 1993 and has a market capitalisation of Rs 2323 crore as on October 6, 2022. The small cap company operates in Chemicals sector. Recently, the board of the company announced that it will hold a meeting on October 31, 2022 to consider and approve split of equity shares of the company.

Check key takeaways pertaining to stock split:

1. Vishnu Chemicals Ltd To Consider Stock Split This Month

The company informed BSE that the meeting of the board of directors is scheduled on 31/10/2022.

The company stated in the regulatory filing, "Pursuant to Regulations 29, 33 and all other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations), please be informed that a meeting of the Board of Directors of the Company is scheduled to be held on Monday, 31st October, 2022, inter alia,:

a) To consider and approve Unaudited Standalone & Consolidated Financial Results of the Company for the second quarter and half year ended 30th September, 2022.

b) To consider and approve the proposal to sub-divide/split of the equity shares of the Company in such manner as may be determined by the Board of Directors and subject to approval of the Shareholders and such authorities as may be required.

2. Vishnu Chemicals Stock Outlook

The current market price of the stock is Rs 1944 apiece with a 52-week high at Rs 2147 apiece and 52-week low at Rs 678 apiece, respectively.

3. Vishnu Chemicals Market Capitalisation And 5-Years Return

The company has a market capitalization of Rs 2323 crore. The stock has given multibagger returns to investors with 5 years return at 533%, 3 years return at 1483%, and 1 year return at 155%. The stock has gained 7% in just 1 week period.

4. Vishnu Chemicals About

As a pure play chemical manufacturer, the company has today consolidated its position as a dependable supplier for global companies across steel, glass, pharmaceutical, pigments and dyes, leather and allied industries. Its supply footprint includes all the major geographies including Asia, China, South East Asia, Europe, UK, North, South and Central America, Africa among others.