Multibagger Media Stock Announces Stock Split In 1:5 Ratio, 1 Month Return 159%

Colorchips New Media Ltd is a small cap company with a market capitalization of Rs 213 crore. The company came into existence in 1985 and operates in the Miscellaneous sector. The board of the company has announced stock split in the ratio of 1:5 ratio. Check key takeaways below:

Colorchips New Media Declares Stock Split In 1:5 Ratio

The board of directors of Colorchips company in an exchange filing stated, "We would like to inform that Board of Directors at their Meeting held on Thursday, 01 September, 2022 have inter alia, transacted the following matter: 1. The Board recommended the Split/Sub-division of shares of the Company from Face Value of Rs.10/- each to Face Value of Rs.2/- each, subject to the approval of Members of the Company in the 37" Annual General Meeting. 2. Pursuant to the aforesaid sub-division of shares, if the same has been approved by Members of the Company in the 37" Annual General Meeting, the Board has recommended to alter the Capital Clause i.e., Clause V of the Memorandum of Association of the Company."

Colorchips New Media Stock Outlook

The current market price of the stock is Rs 125 apiece. Soon after the announcement of stock split, the shares of the company surged by 4.98% on BSE.

Colorchips New Media 52-Week High/Low

The 52-week high of the stock is Rs 125.50 apiece and 52-week low is Rs 21.10 apiece.

Colorchips New Media Market Capitalization

The market capitalization of the company is Rs 213.47 crore.

Colorchips New Media Return

The stock has given a return of 206% in 5 years, 168% in 5 years, 221% in 3 months, and 159% in 1 month.

Colorchips New Media Result

The company for the quarter ending June 30, 2022 declared a consolidated total income of Rs 2.19 crore, up 59.59% as compared to last quarter total income of Rs 1.37 crore, up 201%. It reported net profit after tax at Rs 1.08 crore in the latest quarter.

Colorchips New Media About

Colorchips New Media Ltd is an integrated design solutions company. It is engaged in animation & web design to identity development and now takes the form of an Information Systems House. The company has the capacity to fulfill all the communication needs across all the mediums. Its services include entertainment and IT services. It is headquartered in Hyderabad.