1:10 Stock Split: Small Cap Stock Gains 14% After Setting Record Date, Ex-Date Tomorrow

Small cap stock operating in chemical sector, Sigachi Industries is all set to trade ex-split tomorrow in the ratio of 1:10. Sigachi Industries shares witnessed a gain of 14% after board of directors of fixed October 9, 2023 as the record date for stock split. Current market price of Sigachi Industries stock is Rs 410.00 per share. Sigachi Industries shares witnessed a rally of 72% in last 6-months. Earlier this year on August 31, 2023, Sigachi Industries share traded ex-dividend for Rs 1.00 per share dividend. Check details below:

Sigachi Industries To Trade Ex-Split Tomorrow: Board of directors of Sigachi Industries in its BSE filing dated September 9, 2023 said, "With reference to the subject cited, this is to inform the Exchanges that the Board of Directors in its meeting held on 09.09.2023 has fixed 09.10.2023 as Record date for the purpose of Stock Split of existing 1 equity share of face value of Rs. 10/- each into 10 equity shares of the face value of Re. 1/- each."

Sigachi Industries Stock Performance & Return Over Years: Last trading price of Sigachi Industries stock on BSE is Rs 410.00 per share with intraday fall of 0.06%. Its 52-week high price is Rs 429.90 per share and 52-week low price 220.00 per share, respectively. Sigachi Industries shares hit 52-week high on October 6, 2023.Sigachi Industries has a market capitalisation of Rs 1260.44 crore. Sigachi Industries shares gained 7% in last 2-weeks, rallied 51% YTD, and offered shareholders return of 48% in last 1-year span when Sensex gained 13.35%.

Sigachi Industries Financials: The company announced its net sales at Rs 77.84 crore for the quarter ended June 2023, up 8.57% as against Rs 71.70 crore declared in June 2022. It declared its quarter net profit at Rs 10.14 crore in June 2023, down 6.89% as compared to Rs 10.89 crore declared in June 2022. Its EBITDA stood at Rs 16.84 crore in June 2023, up 7.33% as against Rs 15.69 crore declared in June 2022.

Sigachi Industries About: Sigachi was incorporated in the year 1989 and established itself as one of the largest manufacturers of Microcrystalline Cellulose worldwide. With three Multilocational Facilities in Telangana and Gujarat, Sigachi has ensured supply chain reliability for its customers spread across the Globe. Its products have applications in the pharmaceutical industry, in the nutraceutical and supplement industries, the food ingredients industry and the drug formulation sector, according to its official website.

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