Stock Split Announcement Tomorrow: Multibagger Metals Stock Dips 5.78% In 2-Weeks

Board of Directors of small cap stock operating in metals & ferrous sector Godawari Power & Ispat Ltd are set to meet on November 3, 2023 to consider and approve the unaudited standalone and consolidated financial results of the company for the quarter and half year ended September 30, 2023. The company will also consider and approve proposal of sub-division of shares tomorrow. Godawari Power & Ispat shares offered shareholders return of 69% in last 6-months and 124% in last 1-year. Check details below:

Godawari Power & Ispat To Consider & Approve Q2 Results, Stock Split: As per the BSE filing of the company dated October 23, "Board of Directors is scheduled to be held on Friday, 03rd November 2023 ("Meeting"), to consider and approve unaudited standalone and consolidated financial results of the company for the quarter and half year ended September 30th, 2023.This is to inform you that at the said Meeting, the Board of Directors will also consider the following proposals:

(a) To consider and approve the proposal for sub-division of the equity shares of face value of Rs. 5/- each of the Company in such manner as may be determined by the Board of Directors.

(b) To consider and approve the company's -Employees stock option plan -2023"

Godawari Power & Ispat Stock Outlook & Return: Current market price of Godawari Power & Ispat share on BSE is Rs 602.00 per share with marginal intraday gain of 0.38%. Its 52-week high price is Rs 675.00 per share and 52-week low price is Rs 261.00 per share, respectively. The company's market capitalisation is Rs 8183.89 crore. Godawari Power & Ispat shares soared 51% YTD, soared 124% in last 1-year, gained 82% in last 2-years, and offered a rally of 553% in last 3-years. In last 5-years, Godawari Power & Ispat stock gained 502%.

Godawari Power Financial Performance: The company for the quarter ended June 30, 2023 announced its net sales at Rs 1325.58 crore, down 20.45% as against Rs 1666.32 crore in June 2022. Its quarterly net profit came at Rs 230.91 crore in June 2023, down 29.4% as compared to Rs 327.09 crore in June 2022. The company's EBITDA stood at Rs 323.91 crore in June 2023, down 32.08% from Rs 476.87 crore last year.

Godawari Power & Ispat About: Godawari Power & Ispat Ltd. (GPIL) a public Ltd. Co., formally Ispat Godawari Ltd (IGL), was incorporated in 1999 to set up an integrated steel plant with captive power generation, which is an integrated steel manufacturer and is having dominant presence in the long product segment of the Steel industry, mainly into mild steel wire. Today, GPIL is an end-to-end manufacturer of mild steel wires. In the process, the company manufactures sponge iron, billets, Ferro alloys, captive power, wires rods (through subsidiary company), steel wires, Oxygen gas, fly ash brick and last but not the least pallets, according to its official website.

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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 any losses. Please consult a professional advisor.