Upcoming Stock Split: Multibagger Small Cap Stock Hits Back-To-Back Upper Circuit

Small cap firm Ok Play India Ltd shares hit back-to-back upper circuit for second day today after the company informed about the upcoming meeting of Board of Directors to consider sub-division/stock split. Current market price of the plastic sector company is Rs 158.40 per share with intraday gain of 4.97%. Ok Play India Ltd shares more than doubled investors wealth in last 1 year with return of 242.12%. The company has a market capitalisation of Rs 419.33 crore. Check details below:

Ok Play India To Mull Stock Split: According to the regulatory filing of the company dated Jan 11, "We wish to inform you that pursuant to regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirement) Regulations, 2015 a meeting of the Board of Directors of the Company is being convened on Tuesday, the 30th day of January, 2024:

(i) Sub-division/ split of existing equity shares of face value of Rs. 10/- each, fully paid-up, by alteration of Capital Clause of the Memorandum of Association of the Company;"

Ok Play India Financials: The company for the quarter ended September 30, 2023 declared its consolidated total income at Rs 40.45 crore, down 6.48% as against the total income of Rs 43.45 crore in the last quarter. It announced its latest quarter net profit after tax at Rs .41 crore.

Ok Play India Stock Outlook & Return: The 52-week high price of Ok Play India share on BSE is Rs 184.80 per share and 52-week low price is Rs 44.20 per share, respectively. Ok Play India shares provided return of 40% in last 3-months, 26% return in last 6-months, gained 456% % in last 2-years, and surged 708% in last 3-years. In last 5-years, Ok Play India shares zoomed 183%.

Disclaimer:

The stock just highlights the 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.