Stock Split Alert! 1:5 Ratio, March 17 Fixed As Record Date; Is Now The Best Time To Buy This Defense Stock?

Sika Interplant Systems is a small-cap business that specialises in India's automotive, aerospace, and defence and space (A&D) industries. company that concentrated on India's automotive, aerospace, and defence and space (A&D) industries. SIKA, a publicly traded firm on the Bombay Stock Exchange, specialises in value-added distribution, interconnect solutions, electrical module integration, maintenance, repair, and overhaul (MRO), and design projects and systems. Additionally, SIKA is a licensed Indian Offset Partner (IOP) with a defence manufacturing licence from the Indian government. Following the company's announcement of the record date for a 1:5 stock split, Sika Interplant Systems' shares closed Friday's trading session 2.24% higher at Rs 2546.45 per share, with a market capitalisation of Rs 1,079.74 Cr.

Sika Interplant Systems Stock Split

"Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Company has fixed Monday, 17th March, 2025 as the "Record Date" for determining entitlement of Equity Shareholders for the purpose of sub-division/ split of existing Equity Shares of the Company, such that 1 (one) equity share having face value of ₹ 10 /- (Rupees Ten only) each, fully paid-up, will be subdivided into 5 (Five) equity shares having face value of ₹ 2/- (Rupee Two only) each, fully paid-up, ranking pari-passu in all respects which was approved by the Shareholders at the Annual General Meeting held on 20th September 2024," said Sika Interplant Systems in a stock exchange filing.

Sika Interplant Systems Q3 Financials

The company's December 2024 quarter net sales of Rs 37.98 crore was a 46.11% jump over the December 2023 quarter's net sales of Rs 26.00 crore. In the third quarter that concluded in December 2024, its net profit was Rs. 6.63 crore, rising 39.23% from Rs. 4.76 crore in the same quarter of the previous fiscal. EBITDA increased 37.39% from Rs. 6.66 crore in Q3FY24 to Rs. 9.15 crore in Q3FY25.

Sika Interplant Systems Share Price Target

"Sika Interplant stock price is slightly bullish on the Daily charts with strong support at 2499. A Daily close above resistance of 2650 could lead to a target of 3000 in the near term," commented A R Ramachandran, Independent Research Analyst.

Disclaimer

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