Small Cap Stock Approves 1:10 Stock Split, Hits 52-Week High For 6th Day In A Row

Small cap company Prabhhans Industries Ltd today announced its Board of Directors approved sub-division/stock split in the ratio of 1:10. Last trading price of Prabhhans Industries shares on BSE is Rs 111.43 apiece with intraday gain of 4.99%. Prabhhans Industries shares hit upper circuit in trade today. Prabhhans Industries shares BSE offered return of 112% in last 1-month and gained 180% in last 3-months. Check details below:

Prabhhans Industries Announces Stock Split: As per the regulatory filing of the company dated February 8, 2024, "Approved the proposal for sub-division/ Split of the Equity Shares from face value of Rs. 10/- Per Share to Face Value of Rs. 1/- per Share of the Company and subsequent alteration in Capital Clause of Memorandum of Association of the Company."

Prabhhans Industries Shares Performance & Return: Last trading price of Prabhhans Industries stock on BSE is Rs 111.43 apiece with intraday gain of 4.99%. Prabhhans Industries shares hit upper circuit and fresh 52-week high today. The stock has been hitting back to back 52-week high and upper circuit since Feb 1. Prabhhans Industries shares rallied 78% in last 2-weeks only and rose 108% year-to-date. In last 1-year, Prabhhans Industries shares rallied 58% and surged 310% in last 2-years.

Prabhhans Industries Financials: The company for the quarter ended September 30, 2023 declared its standalone total income at Rs 13.25 crore, up 17.91% from previous quarter total income of Rs 11.23 crore. It declared its total income at Rs 9.77 crore in the similar quarter of last year. The company announced its latest quarter net profit after tax at Rs .28 crore.

About: Prabhhans Industries Ltd (Formerly known as Sea Gold Infrastructure Limited) was established in October 1993 at the Registrar of Companies, Andhra Pradesh with the objects to promote, establish, improve, develop, administer, own and run aqua cultural ponds for culturing all types of shell fish, fin fish, sea water foods and other crustacean. The Company changed its Main Objects to Infrastructure Activities.

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The stock highlights sub-division/stock split and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.