1:10 Split, Rs 5/Share Dividend: Textile Stock Declares Record Date For Sub-Division

Small cap company engaged in textile sector, Sportking India Ltd today fixed September 13, 2024 as the record date for 1:10 stock split/sub-division of shares. Current market price of Sportking India shares on BSE is Rs 1279.75 per share. Sportking India shares offered returns of 60% in last 3-months and gained 1672% in last 5-years. The company also recommended final dividend of Rs 5/- per equity share and fixed August 10, 2024 as the record date.

The company declared a surge of 75.08% in net profit to Rs 31.83 crore for the quarter ended June 2024 as against Rs 18.18 crore announced in the corresponding quarter of last year. Key details below:

Sportking India Issues Record Date For Sub-Division/Stock Split: According to the exchange filing of Sportking India declared as on August 17 ,2024, "Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Company has fixed Friday, 13th September 2024 as the "Record Date" for determining entitlement of Equity Shareholders for the purpose of sub-division/ split of existing Equity Shares of the Company, such that 1 (one) equity share having face value of Rs. 10/- (Rupees ten only) each, fully paid-up, will be sub-divided into 10 (ten) equity shares having face value of Rs. 1/- (Rupee one only) each, fully paid-up, ranking pari-passu in all respects which was approved by the Shareholders in their meeting held on 17th August 2024."

Sportking India Financials: Sportking India today announced a jump of 17.65% in its sales to Rs 634.05 crore for the quarter ended June 2024 as compared to Rs 538.92 crore announced in the similar quarter of last year.

Sportking India Shares Performance: The 52-week high price of Sportking India shares on BSE is Rs 1448.90 per share (as on 30/07/2024) and 52-week low price is Rs 705.00 per share (as on 26/10/2023), respectively. The company's market capitalisation stood at Rs 1626.20 crore. Sportking India shares gained 55% in last 6-months, surged more than 65% in last 1-year, and offered return of 49% in last 2-years. Sportking India shares rallied 1672% in last 5-years.

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