Multibagger Metal Stock Fixes Record Date For Stock Split, Jumps 163% In 1 Year

Arfin India Ltd has fixed record date for stock split and it is November 14, 2022. The small company has a market capitalisation of Rs 357 crore. The company operates in metal-non ferrous sector and came into existence in 1992.

Its focus is to become a major global player in Aluminum Recycling and Ferro Alloys segment. In the domestic arena, Arfin focuses and supplies its extensive range of products to Steel, Chemical, Power & Conductor industries. In the international arena, the company focuses on large steel units that have a constant need for competitive yet quality products, according to its official website. Check key takeaways below:

1. Arfin India Ltd Sets Record Date For Stock Split

The board of director of Arfin has stated in the exchange filing, "In terms of Regulation 42(2) of the SEBI Listing Regulations, the Company has fixed Monday, November 14, 2022 as the 'Record Date' for the purpose of determining the eligibility of Shareholders for the purpose of sub-division / split of every one fully paid-up equity share having face value Rs. 10/- (Rupees Ten only) each in the share capital of the Company, into ten (10) fully paid-up equity shares having face value Rs. 1/- (Rupee One only) each, as approved by the shareholders through postal ballot by way of electronic means on October 21, 2022."

2. Arfin India Ltd Stock Outlook

The last trading price of Arfin India Ltd is Rs 224 apiece with 52-week high at Rs 314 and 52-week low at Rs 62 apiece, respectively.

3. Arfin India 5-Years Return

The stock has declined 22% in last 5-years, gained 286% in last 3 years, and 163% in last 1 year.