1:2 Stock Split Alert By Penny Stock Under Rs 10: Record Date Looms For May 9; Price Target Inside

An Indian construction and infrastructure development firm named Navkar Urbanstructure Limited specializes in planning and carrying out projects including commercial buildings, water pipelines, and sewage treatment plants. The market value of the firm is around Rs 352 crore. As the record date for a 1:2 stock split approaches, Navkar Urbanstructure's shares wrapped up Tuesday at Rs 6.26 apiece, up 3.47% on the BSE.

Navkar Urbanstructure Stock Split

"Pursuant to Reg. 42 of the Listing Regulations and relevant provisions of the Companies Act, 2013 and Rules made thereunder, the Company has fixed Friday, May 9, 2025 as the 'Record Date' for the purpose of determining the eligibility of Shareholders for the purpose of sub‐division /split of Sub‐ division of every 1 (One) equity share of the nominal/face value of Rs. 2/‐ (Rupees Two only) each, fully paid up, into 2 (Two) equity shares of the nominal/face value of Re. 1/‐ (Rupees One only) each fully paid up," said Navkar Urbanstructure in a stock exchange filing.

"The Company will share the activation letter to stock exchanges, which is pending to be received from the Central Depository Services (India) Limited, as soon as the same is received," the company confirmed in a stock exchange filing.

Navkar Urbanstructure Financials

The company recorded net sales of Rs 8.61 Cr in the December 2024 quarter, up from Rs 5.81 Cr in the December 2023 quarter, and an operating profit of Rs 0.85 Cr, down from Rs 0.90 Cr. In Q3FY25, the company's net profit was Rs 0.91 Cr, up from Rs 0.85 Cr in Q3FY24. The Q4FY25 earnings for Navkar Urbanstructure have not yet been released.

Navkar Urbanstructure Share Price Target

"Navkar Urbanstructure stock price is slightly bearish on the Daily charts with strong resistance at 6.4. A Daily close below support of 5.63 could lead to a target of 5 in the near term," commented A R Ramachandran, Independent Research Analyst.

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