1:10 Stock Split: Thursday, January 16, 2025 Record Date; Good To Buy?

Regis Industries Limited is a Reserve Bank of India (RBI)-registered Non-Banking Financial Company (NBFC). The company was formed on May 14, 1982, and has operated as an NBFC Company ever since. Its primary business is share and securities investing. After the business announced the record date for a 1:10 stock split, Regis Industries' shares closed on Wednesday 3.50% higher at Rs 174.70 per share with a market capitalisation of Rs 300.62Cr on the BSE.

Regis Industries Stock Split

"As per our earlier letter uploaded on BSE Portal for intimation of record date there is bona fide error in the year of record date so the actual record date is Thursday, January 16, 2025 instead of Thursday, January 16, 2024. In terms of Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform that the prima facie it is Thursday, January 16, 2025 as the "Record Date", for the purpose of sub-division of Company's 1 (one) equity shares of face value of Rs. 10/- each into 10 (ten) equity shares of face value of Rs 1/-each, subject to the approval of shareholders which is being obtained through Postal Ballot (including e-voting) in accordance with the applicable laws and regulations," said Regis Industries in a stock exchange filing.

Regis Industries Financials

In Q2FY25 the company's net sales dropped by 28% to Rs 4.06 crore compared to Rs 5.60 Cr in the same quarter of the previous fiscal as per the data of screener.in. In Q2FY24, the firm recorded a net loss of Rs 0.87 crore, whereas in Q2FY25, it reported a net profit of Rs 0.05 crore. The firm recorded a net loss of Rs 0.29 crore and net sales of Rs 10.42 crore during H1FY25. For the half-year period FY25, the company's net sales reached Rs 10.41 crore, an increase of 68.99% year over year. Additionally, the company's Profit After Tax (PAT) for the nine-month period was Rs 0.01 crore, better than the net loss of Rs -1.11 crore for the previous 12-month period as per MarketsMOJO.

Regis Industries Share Price Target

"Regis Industries stock price is bearish on the Daily charts with strong resistance at 170. A Daily close below support of 157 could lead to a target of 144 in the near term," commented A R Ramachandran, Independent Research Analyst.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.