1:1 Bonus Issue In 2023: Paint Stock Schedules Board Meet For Stock Split In 2024, Shares Jump

Small cap company Kamdhenu Ventures Ltd shares gained 5.92% in trade today to Rs 174.55 per share on BSE. The company has today informed via its BSE filing about its upcoming meeting of Board of Directors to consider stock split. The meeting will take place on April 3, 2024 to consider stock split/sub-division of shares. The scrip declined 8.18% in last 1-week and jumped 77% in last 1-year. Check details below:

Kamdhenu Ventures To Consider Stock Split On April 3: As per the regulatory filing of the company dated March 14, 2024, "A meeting of the Board of Directors of the Company isscheduled to be held on Wednesday, 3rd April, 2024, to consider and approve the proposal for sub‐division/split of existing Equity Shares of the Company having face value of Rs. 5 each in such a manner as may be determined by the Board of Directors subject to the approval of shareholders of the Company and such regulatory/ statutory approvals as may be required in this regards."

Kamdhenu Ventures Shares Performance & Return: The 52-week high price of Kamdhenu Ventures shares on BSE is Rs 245.00 per share and 52-week low price is Rs 92.25 per share, respectively. The company has a market capitalisation of Rs 1097.41 crore. Kamdhenu Ventures shares gave return of 10% in last 3-months and rallied 3% in last 6-months.

Kamdhenu Ventures Financials: The company on January 29 declared its net profit at Rs 11.14 crore, down 7% for the December 2023 quarter due to lower income. The company had declared its net profit at Rs 12.02 crore in the corresponding quarter of last year, as per its BSE filing. Its total income for the December 2023 quarter declined to Rs 157.45 crore from Rs 183.17 crore declared in the similar quarter of last year. The decline in revenue and EBITDA occurred due to temporary decline in construction activities in Delhi-NCR area during Q3 due to implementation of Graded Response Action Plan (GRAP) by government authorities.

About: Kamdhenu Ventures Limited (Kamdhenu Paints) is engaged in manufacturing decorative paints. It is engaged in trading of thermo mechanically treated (TMT) bars, structural steel and manufacturing of painted products, among others. It is also engaged in the trading of Steel products and paint business. TMT maker Kamdhenu is based in Haryana.

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