1:10 Stock Split On The Horizon: How Investors Can Capitalize On The March 14 Record Date?

A publicly traded business, Shalimar Agencies Limited trades in shares, bonds, and securities. Telangana's Hyderabad is home to the company's registered office. On June 4, 1981, Shalimar Agencies Limited was established. In addition to offering outsourcing services for all processes, subprocesses, transactions, activities, and other work carried out by businesses in a variety of sectors in India and throughout the world, the company is in the computer and associated services industry. On Monday, the shares of Shalimar Agencies were trading at a 5% lower circuit limit at Rs 99.25 per share with a market cap of Rs 691.89 Cr on the BSE after the Board declared record date for stock split.

Shalimar Agencies Stock Split

"In terms of Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ["SEBI (LODR), Regulations"] and other applicable provisions and Regulations, we wish to intimate you that 'the Company' has fixed Friday, 14th Day of March, 2025 as 'Record Date' for the purpose of determining the eligibility of shareholders of the Company for Sub-division/Split of each fully paid-up equity share having face value of Rs.10/- (Rupees Ten Only) each be Sub-divided into 10 (Ten) fully equity shares having Face value of Rs.1/- (Rupees One Only), as approved by the shareholders in their meeting held on 13.02.2025," said Shalimar Agencies in a BSE filing.

Shalimar Agencies Financials

Comparing the quarter ending December 31, 2024, to the same quarter in December 2023, Shalimar Agencies Limited reported a great financial performance. In Q3FY25, the firm recorded sales of Rs 5,252.48 lakh, up 192% YoY from Q3FY24's revenue of Rs 1,798.28 lakh. In the December 2024 quarter, its net profit was Rs 845.01 lakh, a 908% growth over the Rs 83.65 lakh it made in the same quarter of the previous fiscal year. In Q3FY25, its EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) increased by 353.6% to Rs 872.75 lakh from Q3FY24's Rs 192.42 crore.

Shalimar Agencies Share Price Target

"Shalimar Agencies is bearish but also oversold on the Daily charts with next support at 91. Investors should buy only if the Daily close is above resistance of 110 could lead to a target of 130 in the near term," as per A R Ramachandran, Independent Research Analyst.

Disclaimer

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