Board Of Small Cap Infra Stock Gives Approval For Stock Split, Check Record Date

Likhitha Infrastructure Ltd is a small cap company with a market capitalisation of Rs 760 crore. The board of company has announced that it will conduct stock split soon and fixed record date for the same that is December 2, 2022. The stock has given a return of 40% in just 3-months. The company operates in Infrastructure sector. Check key takeaways below:

1. Likhitha Infrastructure Ltd Sets Record Date For Stock Split

The board of directors of the company stated in the regulatory filing, "Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that the Company has fixed Friday, December 02, 2022, as the Record Date for ascertaining the eligibility of shareholders entitled for corporate action of split/Subdivision of 1 (One) equity share having Face Value of Rs. 10/- (Rupees Ten Only) each into 02 (Two) Equity shares having Face Value of Rs. 05/- (Rupee Five Only) each."

2. Likhitha Infrastructure Stock Outlook & Return

The last trading price of the stock is Rs 385 apiece with an intraday dip of 1.81%. The stock's 52-week high is Rs 414 apiece and 52-week low is Rs 236 apiece, respectively. The stock has given a return of 12% in last 1-year, 40% in last 3-months, and 4% in last 1-month.

3. Likhitha Infrastructure About:

It came into existence in 1998. The company is engaged in the business of Pipeline Laying providing comprehensive erection, testing and commissioning of Oil & Gas Pipelines, City Gas Distribution Projects and Operation and Maintenance (O & M) Services.

Its operations include three principal business lines: (i) Cross Country Pipelines and associated facilities; (ii) City Gas Distribution including CNG Stations; and (iii) Operation & Maintenance of CNG/PNG services, according to its official website.

Disclaimer

The stock gives details pertaining to stock split and record date. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.