shares will be split on January 10. The company’s shares depreciate from Rs 2 per share to Re 1 per unit at par.
In Wednesday’s trading session, the company’s shares hit a 52-week high of 32.25 rupees.
For the stock split, the record date has been fixed as January 10, 2023. The company alluded to the reference date in its December 29th filing with the exchange, stating: The Board of Directors of the Company has determined Tuesday, January 10, 2023 as the “Record Date”. This is to confirm the eligibility of shareholders subject to his actions below. 2 rupees each for 2 shares of Re 1
In early 2022, the company’s shares were split from the par value of Rs 10 to Rs 2. Regarding this 1:5 stock split, the company’s shares were de-split on his July 21, 2022.
Rajnish Wellness is a multi-bagger stock with a one-year return of 2113%, but has returned 132% over the past three months.
The company’s fundamentals are strong, debt-free, and efficient use of shareholders’ funds. His ROE of the stock has improved over the past two years.
The company also has strong cash-generating capabilities from its core business as operating cash flow has improved over the past two years.
Rajnish Wellness, with an M-cap of around Rs 1.215 billion, is a small company. The company is an extension of Rajnish Hot Deal Private. What started as a small teleshopping venture has grown into a brand in the Ayurvedic product industry.
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