191% Gain From 52W-Low: Multibagger Stock Sets Record Date For 1:2 Stock Split

A small-cap company in the commercial services industry, IIRM Holdings India was earlier known as Sudev Industries Limited. IIRM Holdings India is one of Dalal Street's multibagger stocks, having risen 191% in only a single year. However, what's even more intriguing is the company's announcement of a 1:2 stock split, the record date for which has been made public.

IIRM Holdings India Stock Split Record Date

"This is in continuation to our communication dated November 27, 2023 with respect to subdivision/split of each Equity Share of the Company having Face Value of Rupees 10/- into two equity Shares of Face Value of Rupees 5/- each with effect from December 11, 2023 i.e., Record Date. Please be informed that the Sub-Division of Equity Shares will take effect under the new ISIN i.e. INE670C01026," said IIRM Holdings India in a stock exchange filing.

IIRM Holdings India Financials

In contrast to Rs 0.36 Cr in the same quarter of 2022, the firm posted net income of Rs 0.31 Cr for the quarter that ended on September 30, 2023. The firm said that its EBIT touched Rs 0.06 Cr in Q2FY24 compared to Rs 0.34 Cr in Q2FY23 and that its net profit was at Rs 0.07 Cr in the second quarter of the current fiscal compared to Rs 0.31 Cr in the year-ago quarter. Its total expenses were at Rs 0.25 Cr as opposed to Rs 0.02 Cr in the corresponding quarter of the previous financial year.

IIRM Holdings India Share Price History

Sudev Industries' last traded price on the BSE was Rs 43.59. The shares attained a 52-week high of Rs 43.59 (20/11/2023) and a 52-week low of Rs 14.97 (11/04/2023), meaning that the stock rose by 191.18% from its one-year low to the present market price. During Q2FY24, the company reported promoters' shareholding of 64.87%, DIIs stake of 7.02% and public stake of 28.12%.