The company recently split its stock in a 10:1 ratio.
deep diamond small cap The company has given its investors a whopping return of more than 1000 percent, resulting in wealth. The stock has reached its upper limit in the last five sessions. Again today, the share price was at Rs 19.35 and he was pegged to the 5% upside circuit.
The company recently split its stock in a 10:1 ratio. The par value of each Deep Diamond share prior to the subdivision was Rs.10. After the split, the current face value is Rs 1.
Meanwhile, the company has notified through an exchange application that its board of directors has approved the investment of the company’s surplus funds. This is not immediately necessary for businesses to buy or subscribe to shares or securities of other companies, especially including new age businesses such as electric vehicles. Green energy such as business, solar, wind, biomass, waste management, and various other business segments or sectors.
The company said it has strong growth prospects due to the government’s recent boost to the EV sector.
According to Nitin Gadkari, Minister of Roads, Transport and Highways, between 2019 and 2021, EVs for two-wheelers will increase by 422%, three-wheelers by 75% and four-wheelers by 230%. The number of electric buses has also increased. increased by more than 1200 percent during this period.
The Board also approved changes to the Memorandum of Understanding for the Purposes of the Association.
Meanwhile, the company reported a 233.33% increase in sales in the December quarter to Rs 1.5 billion. Its net profit rose 6000 per cent to Rs.061 crore compared to Rs.01 crore for the same quarter in the previous financial year.
