Pavana Industries Stock Split
Amidst the fluctuations in the stock market, the shares of Pavana Industries have recently seen a tremendous rise. On Wednesday, August 13, this stock was in the lead for the third consecutive day. The reason for this speed is being considered by the company to announce the announcement of 1:10 Stock Split. After this, investors have shown great interest in buying this stock.
Pavana Industries’ share price rose 8.17% to the highest level of ₹ 429.90 on Wednesday. On this day, the stock closed at Rs 423 level. For the last three days, this stock has gained continuously. Apart from this, the company has also fixed a date for stock split.
What is stock split and why is it being done?
Pavana Industries has decided for 1:10 shares split with the approval of its board. This means that now a share of every 10 rupees of the company will turn into 10 shares of 1 rupee. This will reduce the share price and more small investors will also be able to buy this stock easily. The company has set a record date of this split on 1 September, which means that by that date, those who shares the company will be eligible for the split.
Company quarterly results
Although the stock split news has increased the stocks, but the company’s quarterly results are a bit mixed. In the first quarter of FY 2025-26, the net profit of Pavana Industries fell 6% to ₹ 209.54 lakh. It was ₹ 223.27 lakh in the same quarter last year. But this profit is 23% higher than the previous quarter. The company’s operational revenue has fallen by 41% annually, which was ₹ 3027.86 lakhs, compared to ₹ 5167.83 lakh last year.
Pavna Industries Share Price History
Shares of Pavana Industries have given more than 400% returns in the last 5 years. The price of the company’s shares was close to Rs 82, 5 years ago, which has now reached Rs 423. However, in the last 6 months, the stock has fallen by 6.60%. This year, the stocks have fallen to 12% so far. At the same time, shares have shown a rise of 42% in two years. The highest level of 52 weeks of shares is Rs 759.55 and the lower level is Rs 295.20. According to the BSE data of August 13, the company’s market cap is 593.00 crores.
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