1:5 Stock Split: Penny Stock Under Rs 46 Gives Approval, Gains 165% In 1-Yr

Board of directors of Shashijit Infraprojects Ltd announced sub-division of shares in the ratio of 1:5. Current market price of Shashijit Infraprojects share is Rs 42.03 per share on BSE with intraday fall of 1.13%. Shashijit Infraprojects stock offered its shareholders attractive return of 168% in last 12 months period thus more than doubling their investment. Shashijit Infraprojects operates in construction sector. Check details given below:

Shashijit Infraprojects Announces Stock Split: According to the BSE filing of Shashijit Infraprojects dated September 5, 2023, "With reference to the above mentioned subject, this is to inform you that Meeting of the Board of Directors of our Company held today i.e. 5th September, 2023 at 04:30 P.M., at the Registered Office of the Company, inter alia considered and approved Sub-division/split of existing Equity Shares having face value of Rs 10/- per share to Rs 2/- per share and consequent alteration of Capital Clause in the Memorandum of Association, subject to the approval of Equity Shareholders in the ensuing Annual General Meeting. The Record Date for sub- division/split of existing Equity Shares shall be decided after taking the aforesaid approval of the Equity Shareholders of the Company."

Shashijit Infraprojects Stock Outlook & Return: Current market price of Shashijit Infraprojects stock is Rs 42.03. Its 52-week high price is Rs 45.84 per share and 52-week low price is Rs 14.35 apiece, respectively. It has a market capitalisation of Rs 43.50 crore. Shashijit Infraprojects shares offered 25% return in last 1-month, 20% return in last 6-months, gained 165% in last 1-year, and soared 45% in last 2-years.

Shashijit Infraprojects Financials: The company for the quarter ended June 30, 2023 announced its standalone total income at Rs 8.18 crore, down 18.64% as against its last quarter total income of Rs 10.05 crore. It declared its recent quarter net profit after tax at Rs .23 crore.'

Shashijit Infraprojects About: Shashijit Construction Private Limited incorporated on 5th November 2007 as a Private Limited Company is now Public Limited Company with a name of "Shashijit Infraprojects Ltd.". The company constructs, builds and develops industrial infrastructure facilities, driveways, public utilities, powerhouse buildings, factories and such other immovable properties.

Disclaimer

The stock just highlights the 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 ay losses. Please consult a professional advisor.