1:5 Stock Split: FMCG Stock Issues New Update, Hits Upper Circuit For 5th Day

Small cap FMCG sector stock Ravalgaon Sugar Farm Ltd on November 17 issued a new update pertaining to stock split. Earlier, Ravalgaon Sugar announced 1:5 stock split and fixed November 24, 2023 as the record date.

Ravalgaon Sugar stock offered return of 48% in last 2-weeks and gained 125% in last 2-years. Check details below:

Ravalgaon Sugar Receives New ISIN For Sub-Division Of Equity Shares: An ISIN stands for international securities identification number. It is a 12-digit code and helps in recognizing securities such as stocks, equities, notes, bonds, debt, funds, etc. It is common for those undertaking a share split to have issued or to register a new ISIN, according to isin.org.

According to the BSE filing of Ravalgaon Sugar issued today, “With reference to the captioned subject, we would like to inform you that the Company has received new ISIN from both the Depositories i.e., National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) pursuant to sub-division of 1 (One) equity share having a face value of Rs. 50/- (Rupees Fifty Only) each, fully paid-up into 5 (Five) equity shares having a face value of Rs. 10/- (Rupees Ten Only) each fully paidup with effect from record date i.e. November 24, 2023. Please note that the new ISIN of the Company is INE615A01025 and the Sub-Division of equity shares will take effect under the new ISIN.”

Ravalgaon Sugar Standalone Quarterly Results: The company for the quarter ended September 30, 2023 declared its net sales at Rs 2.32 crore, up 7.7% as against Rs 2.15 crore announced in the corresponding period of last year. The company announced its quarterly net loss at Rs 0.84 crore in September 2023, up 21.38% from 1.07 crore declared in September 2022. Its EBITDA stood in negative at Rs 0.37 crore for September 2023 from Rs 0.67 crore in September 2022.

Ravalgaon Sugar Stock Outlook & Return: Last trading price of Ravalgaon Sugar stock on BSE is Rs 5248.30 apiece with intraday gain of 5.00%. Ravalgaon Sugar shares have been touching back-to-back upper circuit from November 12, 2023. The stock’s 52-week high price is Rs 6044. 95 per share and 52-week low price is Rs 2981.00 per share, respectively. The company has a market capitalisation of Rs 35.69 crore.

Ravalgaon Sugar shares gained 40% in last 6-months, fell over 8% in last 1-year, soared 223% in last 3-years, and jumped 106% in last 5-years.

Ravalgaon Sugar About: The Ravalgaon Sugar Farm Limited is a public limited company that manufactures confectionery. The Company was founded in 1933 as part of the Walchand Group but operates independently today. The Company’s registered office and manufacturing facilities are situated in Ravalgaon, in the Nasik district of Maharashtra. The Confectionery Division makes hard-boiled sweets and toffees under the Ravalgaon brand. Its innovative and timeless products include Pan Pasand, Mango Mood, Cheery and many others, according to its official website.

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.

 

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