10:1 Stock Split: Small Cap Pharma Stock Hits New 52-Week High, Returns Up 128.39% In Six Months

Shares of Sigachi Industries Ltd traded at a new 52-week high value of 68.45 on Monday (January 8, 2024) despite negative trading on Dalal Street. The share price of Sigachi Industries was up 4.92% at Rs 66.94 per share at 11:20 am IST today. The pharma stock traded ex-split in October last year where the stock was subdivided in a 10:1 ratio. This means, one stock was split into 10 stocks.

Sigachi Industries shares have been breaking 52-week high level for more than a week now. Earlier, the stock touched its new 52-week high value on January 5, January 4, January 3, and January 2 at Rs 65.69, Rs 63.98, Rs 61.75, and Rs 60.38 respectively.

Sigachi Industries is a small-cap stock operating in the Pharmaceuticals sector. The company has a market capitalization of Rs 2,057.90 crore.

Siganchi Industries stock split history

According to the information available on the BSE website, this pharma stock traded ex-split on October 3, 2023, and the stock was subdivided in 1:10 ratio. This means, one stock was split into 10 stocks.

Sigachi Industries Q2 results:

The pharma company reported an 18.50% growth in total income during the July to September 2023 quarter. During this period, the company's net profit rose over 11% while its revenue from operations in the second quarter jumped over 20% in YoY terms.

Sigachi Industries Dividend:

According to Trendlyne data, Sigachi Industries Ltd. has declared 2 dividends since Aug. 2, 2022.

In the past 12 months, Sigachi Industries Ltd. has declared an equity dividend amounting to Rs 1.00 per share.
At the current share price of Rs 67.35, Sigachi Industries Ltd.'s dividend yield is 1.48%. Adjusting for Bonus/Splits the dividend yield is 0.15%.

Sigachi Industries stock price performance:

The share price of Sigachi Industries has gained 128.39% in the last six months. In the last three months, the returns from the stock has gained 64.61%. Returns from Sigachi Industries in the last one year and last two years have gained 104.89% and 75.53% respectively.

About Sigachi Industries Ltd:

Sigachi Industries Limited, the publicly listed company in NSE BSE, is a globally recognized pharmaceutical company known for its unwavering commitment to delivering Active Pharmaceutical Ingredients, high-quality excipients, vitamin mineral nutrient blends, and O&M services.

With over 33 years of industry experience, Sigachi has emerged as a trusted partner for pharmaceutical and nutraceutical companies spread across 62 countries. The company's diverse product portfolio is manufactured in 5 multilocational facilities present in Telangana, Gujarat, and Karnataka which are certified with global standard certifications like WHO GMP, EXCiPACT GMP, ISO, KOSHER, HALAL & many others. Being headquartered in Hyderabad, Sigachi Industries Limited has subsidiaries in the US and the Middle East