Real Eco-Energy, a penny stock, turned ex-date on Friday, October 4, for its first ever shares sub-division in the ratio of 1:5. Following this, the stock witnessed massive buying so much so that it froze at its upper circuit levels. Adjusted to the stock split ratio, the stock is below Rs 12.
Real Eco-Energy Share Price:
The penny stock has a market cap of Rs 116.40 crore, and it ended at Rs 11.64 apiece, which is its 20% upper circuit on ex-date. This is also the stock's 52-week high.
20% upper circuit means that the stock witnessed several buyers but no sellers on October 4.
In a one-month span, the stock zoomed by nearly 72%. While YTD, the stock advanced by 95%. In a year, Real Eco-Energy emerged as a multibagger with gains of nearly 126% so far.
Real Eco-Energy Stock Split:
The company turned ex-split for the first time on October 4, 2024, for its ratio of 1:5. This is also the record date to determine the eligibility of shareholders for the purpose of stock split/sub-division.
The ratio of 1:5 means that 1 equity share of Real Eco-Energy having a face value of Rs 10 each, will be split into five smaller shares with a face value of Rs 2 each.
About Real Eco-Energy:
Real Eco-Energy Ltd (Formerly known as Real News & Views Ltd) was incorporated on August 3, 1993. Since its inception, the Company was engaged in manufacturing, processing and dealing as exporters for Floor, food Agro businesses with a wide /various range depending on the ultimate application of the products.
Notably, the Company carried out the business as manufacturers, processors, dealers, importers, exporters of maida, rava, soji, atta, flour, bran from wheat, besan, chana dal, pulses, pickles, papads, spices, food canning, food grains, cattle feed, dairy products, dehydration and freering of food products. In 2016-17, the Company had undertaken the business of news broadcasting and digital marketing.
Since the Indian economy went through its upheavals: a weak monsoon, rising bank NPAs and constant disruptions in Parliament affected investment sentiment, therefore TV news advertising grew rapidly. Presently, the Company is engaged in the business of Construction, Media Business and Bio Diesel Mineral Business. It is also engaged in the business of news broadcasting and digital marketing. Each industries are competent, as per ICICI Direct website.
There are mainly three segments in the construction industry like real estate construction which includes residential and commercial construction; infrastructure building. he construction industry in India is highly fragmented. There are number of unorganised players in the industry which work on the subcontracting basis.
The media and broadcasting segment in which Company has ongoing its operations are wide and varied. The Company has extended its area of action and looking forward in this epoch of digitalisation. The Board of Directors of the Company has determined to attain new altitude in business field and to achieve further escalation. To accomplish the set goals, the Company is engaged into Energy Management & their products, by-products and other related services, as per ICICI Direct website.
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