Construction Stock Under Rs 30: 1:2 Stock Split, Record Date January 06, 2025; BUY/SELL?

Since 2007, Julien Agro Infratech Ltd has been involved in the marketing and construction/civil work industries. The firm manufactures and trades agricultural products in the nation as part of its agriculture industry. On August 25, 2023, the company's name changed from Silverpoint Infratech Limited to Julien Agro Infratech Limited. Following the company's announcement of the record date for a 1:2 stock split, Julien Agro Infratech's shares closed Tuesday's trading session 7.43% higher on the BSE at Rs 30.96 per share, with a market capitalisation of Rs 61.27 Cr.

Julien Agro Infratech Stock Split Record Date

"This is to inform you that pursuant to Regulation 42 of the SEBI {Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors fixed Monday, January 06, 2025 as the "Record Date" for determining entitlement of Equity Shareholders for the purpose of sub-division / split of existing Equity Shares of the Company, such that each Equity Share having face value of Rs. 10/ {Rupees Ten only) each fully paid-up, be sub-divided/split into such number of Equity Shares having face value of Rs. 5/- (Rupees Five only) each fully paid-up, subject to approval of shareholders through Postal Ballot, the notice of which has already been submitted to BSE on November 11, 2024 and the process of Postal Ballot is been started from today onwards i.e. November 18, 2024 and will be ended on December 17, 2024, the result of the same will be submitted to BSE within 48 hrs i.e. on or before December 19, 2024," said the company in a stock exchange filing on Tuesday.

Julien Agro Infratech Financials

According to its latest statement available on BSE, Julien Agro Infratech Limited generated Rs 22.70 crore in revenue from operations for the quarter that ended in September 2024. The previous quarters of FY25 and the corresponding period the year before had no revenue for the corporation. In Q2 FY25, the company's net profit of Rs. 2.04 crore grew from a net loss of Rs. 0.09 crore in Q2 FY24. In Q2 FY25, the company's negative EPS of Rs. 0.04 was surpassed by a positive EPS of Rs. 1.03. Year over year, the EBITDA margin has increased by 2367%.

Julien Agro Infratech Share Price Target

"Julien Agro Infratech stock price is bearish on the Daily charts with strong resistance at 33.75. A Daily close below support of 27.5 could lead to a target of 23 in the near term," said A R Ramachandran, Independent Research Analyst.

Disclaimer

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