Small Cap Stock Under Rs 100 Fixes Record Date For Stock Split, Scrip Jumps 59.75% In 6 Months
Ashapuri Gold Ornament Ltd., a small cap company in India’s jewelry sector, has announced that it will be conducting a stock split. The company fixed July 18, 2023, as the record date for the stock split, wherein each share with a face value of Rs 10 will be split into 10 shares of Re 1 each.
Ashapuri Gold Ornament Ltd. is known for manufacturing and wholesaling gold jewelry, including antique jewelry. Their jewelry is produced on a job work basis in Ahmedabad and Rajkot. With a market capitalization of Rs 214.24 Crore, the company enjoys a strong presence in the industry.
The decision to conduct a stock split is seen as a positive move, as it will make the shares more accessible to investors at a lower price. This news has led to a surge in the company’s scrip, with a 59.75% jump in the past six months.
As of the latest trading session, the share price of Ashapuri Gold Ornament stood at Rs 85.70 per share, recording a decrease of 1.63% from its previous close of Rs 87.12 per share on BSE. Throughout the trading session, the share price reached an intraday high of Rs 86.15 and an intraday low of Rs 85.50.
Over the past week, the stock has gained 4.67%, while in the past two weeks, it has risen by 7.80%. In the last month alone, the stock has surged by an impressive 12.57%. Looking at the longer-term performance, the stock has delivered a strong positive return of 59.74% over the past six months. In the past year, it has generated a multibagger return of 101.41%. Moreover, over the past two and three years, the stock has provided positive returns of 106.76% and 150.58%, respectively.
Ashapuri Gold Ornament’s 52-week high was recorded on February 13, 2023, when the share price reached Rs 95.30 per share. On the other hand, its 52-week low was noted on August 11, 2022, at Rs 40.55 per share.
While this news highlights the stock split, it is important to note that it is not a recommendation to buy, sell, or hold the stock. The article does not contain any additional messages or completion indications.
Disclaimer: The author and Greynium Information Technologies are not liable for any losses incurred and have not performed any fundamental or technical analysis on the stock mentioned. It is recommended to consult a professional advisor before making any investment decisions.
To summarize, Ashapuri Gold Ornament Ltd., a small cap company in the jewelry sector, has fixed July 18, 2023, as the record date for a stock split. This news has led to a surge in the company’s scrip, with a significant increase of 59.75% in the past six months. The decision to conduct a stock split is expected to make the shares more accessible to investors at a lower price. However, it is important to note that this article is not a recommendation to invest.
