1:10 Stock Split Approved: Metals Stock To Intimate Record Date, Rallies 142% In last 1-Yr

Small cap metals-ferrous sector company Dhatre Udyog Ltd today considered the proposal of sub-division/split of shares of the company in the ratio of 1:10. The company will intimate the record date for stock split later. Last trading price of Dhatre Udyog shares on BSE is Rs 210.50 apiece. Dhatre Udyog stock offered return of 142% in last 1-year. There is also an announcement visible next to the share price of Dhatre Udyog saying, "Trading Restricted - On account of IBC/ Recommencement post IBC". After February 5, 2024 no trading took place and the stock hit lower circuit on that day. Check details below:

Dhatre Udyog Declares Stock Split: As per the BSE filing of the company dated February 8, 2024, "The Board considered the proposal for sub-division of 1(one) equity share of the Company having face value of Rs 10/- each into 10 (Ten) equity shares having face value of subject to regulatory/statutory approvals as may be required and the approval of the shareholders of the Company. The record date for the sub-division of equity shares shall be decided by the Board and will be intimated to the exchange."

Dhatre Udyog Shares Performance & Return: The 52-week high price of Dhatre Udyog shares on BSE is Rs 317.25 apiece and 52-week low price is Rs 73.90 apiece, respectively. The company has a market capitalisation of Rs 229.35 crore. Dhatre Udyog shares fell 10% in last 1-month, soared 41% in last 6-months, surged 1605% in last 2-years, and offered return of 1072% in last 3-years.

Dhatre Udyog Financials: The company for the quarter December 31, 2023 declared its consolidated total income at Rs 57.85 crore, up 34.52% from last quarter total income of Rs 43.00 crore. It declared its net profit after tax at Rs 3.62 crore in the latest quarter.

Dhatre Udyog About: Dhatre Udyog Limited, formerly Narayani Steels Limited, is an India-based company. It is engaged in the business of manufacturing and sale of Rebars, TMT bars, Rounds, Squares, MS Grade Angles, trading of Billets, Flats, Blooms, Ingots, and Iron ores, among others. It came into existence in 1996. The small cap company operates in metals-ferrous sector.

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