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 is fixed as January 10, 2023. The company alluded to the reference date in a document filed with the exchange on December 29, stating: The Board of Directors of the Company has determined Tuesday, January 10, 2023 as the “Record Date”. Par value of Rs 2 each for 2 shares of Re 1,” the application stated.
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 his M-cap of around Rs 1.215 billion, is a small business. The company is an extension of his Rajnish Hot Deal Private. What started as a small teleshopping venture has grown into a brand in the Ayurvedic product industry.
(Disclaimer: Professional recommendations, suggestions, views and opinions are their own and do not represent the views of The Economic Times)
