1:10 Stock Split, 2:1 Bonus Share: Packaging Stock Hits Upper Circuit As Sensex Tanks 941 Points; Book Profit?

Packaging industry firm Cropster Agro Ltd shares today witnessed 2% upper circuit to close at Rs 725 apiece on Bombay Stock Exchange as Dalal Street recorded steep decline with BSE Sensex declining by 941 points. Cropster Agro set to trade ex-bonus and ex-split in the ratio of 2:1 and 1:10 on November 8, 2024. The company has a market cap of Rs 1812.75 crore. Cropster Agro shares delivered shareholders returns of 123% in 3-months period. Check details below:

What Should You Do With Cropster Agro Ltd Shares? According to A R Ramachandran, Independent SEBI Research Analyst, "Cropster Agro is bullish but also overbought on the Daily charts with strong support at 696. Investors should be booking profits at current levels as a Daily close below support could lead to a fall till 648. Strong resistance will be at 725."

Cropster Agro Ltd Shares Performance: The 52-week high price of Cropster Agro Ltd shares on BSE is Rs 944.10 per share and 52-week low price is Rs 162.50 per share. Cropster Agro shares gained 225% till date in 2024, jumped 300% in last 1-year, and gave return of 2100% in last 5-years.

Cropster Agro Sets Record Date For Bonus Share, Stock Split: As per the exchange filing of the firm dated October 28, 2024, "Pursuant to the Regulation 42 of SEBI (LODR) Regulations, 2015 the Company has fixed Friday, 08th Day of November, 2024, as the Record Date, for 1:10 sub-division/split and 2:1 bonus shares."

About: The company is engaged in chemicals, plastic, and rubber products. Cropster Agro deals in a variety of products such as soda ash, acids, bases, bleaching powder, heat reaction chemicals, polypropylene bags, plastic sheets, and plastic containers. Cropster Agro derives other income from loans as well.

Disclaimer: The stock highlights the bonus share, stock split, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.