1:5 Stock Split: Multibagger Financial Stock Set To Get Affordable, Record Date Fixed

Small cap company engaged in financial services sector Swastika Investmart Ltd shares slipped over 3% in trade today and 4% in last 1-week ahead of splitting in the ratio of 1:5. Last trading price of Swastika Investmart shares on BSE is Rs 845.00 per share. Swastika Investmart shares zoomed 184% in last 1-year and gained 539% in last 3-years. The company's market capitalisation 250.09 crore. Check details below:

Swastika Investmart Sets Record Date For Stock Split: As per the BSE filing of Swastika Investmart issued as on September 9, 2024, "we wish to inform you that SWASTIKA INVESTMART LIMITED has fixed "Wednesday 25th September, 2024" as the "record date" for the purpose of determining the entitlement of Equity Shareholders for Sub-division/split existing equity shares of the Company from 1 (one) equity share having face value of Rs.10/- (Rupees Ten only) each fully paid-up, into 5 (five) equity shares having face value of Rs. 2/- (Rupees Two only) each fully paid-up as approved by the Equity Shareholders by way of Postal Ballot mechanism through remote e-voting facility on 5th September, 2024."

Swastika Investmart Shares Performance: The 52-week high price of Swastika Investmart shares on BSE is Rs 925.00 per share (as on 25/07/2024) and 52-week low price is Rs 280.00 per share (as on 18/10/2023), respectively. Swastika Investmart shares jumped 61% in last 6-months, soared 184% in last 2-years, and gained 1501% in last 5-years.

Swastika Investmart Financials: The company for the quarter ended June 30, 2024 declared its consolidated total income at Rs 38.56 crore, up 5.35% as against the total income of Rs 36.60 crore declared in the corresponding quarter of last year. It declared its net profit after tax at Rs 6.27 crore in the recent quarter.

About: Swastika Investmart Ltd. a public limited company, was incorporated in 1992 with its registered office in Mumbai and administrative office at Indore (M.P.). It is promoted by Mr. Sunil Nyati belonging to the Swastika group of Rajasthan, engaged in diversified business since 1959. In the year 1995, the Company came out with a Public Issue of 15 lakh equity shares of Rs.10/- each for cash at par, aggregating Rs.150 lakhs. Swastika's shares listed on BSE (code: 530585) and is one of the few listed companies, engaged in stockbroking and capital markets activities, according to its LinkedIn page.

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