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Business News/ Markets / Stock Markets/  After rallying over 1800% in 5 years, multibagger stock Gujarat Themis Biosyn declares 1:5 stock split
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After rallying over 1800% in 5 years, multibagger stock Gujarat Themis Biosyn declares 1:5 stock split

Gujarat Themis Biosyn is a small-cap pharma company that recorded a market cap of ₹1,151.91 Cr during Friday's closing session.

Among the Sensex stocks, Bajaj Finserv, Bajaj Finance, IndusInd Bank, Tech Mahindra, and ICICI Bank ended between 4% and 5.5%Premium
Among the Sensex stocks, Bajaj Finserv, Bajaj Finance, IndusInd Bank, Tech Mahindra, and ICICI Bank ended between 4% and 5.5%

Gujarat Themis Biosyn is a small-cap pharma company that recorded a market cap of 1,151.91 Cr during Friday's closing session. While declaring its Q4 earnings, Gujarat Themis Biosyn has declared 1:5 stock split.

“The Board considered the proposal for sub-division of 1 equity share of the Company having face value of Rs.5/- each info 5 (five) equity shares having face value of Rs.1/- each, subject to regulatory/statutory approvals as may be required and the approval of the shareholders of the Company for the financial year 2023-24," said Gujarat Themis Biosyn in a stock exchange filing.

The Board of Directors have “Recommended dividend for Financial Year ended 31.03.2023 of Rs.1/- i.e. @ 20% per equity share having face value of Rs.5/- , aggregating to Rs. 1,45,28,702. The payment is subject to the approval of shareholders at the ensuing AGM," said Gujarat Themis Biosyn in a statement.

The dividend will be paid on or after Saturday, 09th September, 2023, 2023 to those shareholders or their mandates whose names appear as beneficial owners as of the end of the business hours on Friday, 01st September, 2023 being fixed as the record date, according to Gujarat Themis Biosyn.

The company has reported a total income of Rs.29.5712 crores during the quarter ended March 31, 2023 as compared to Rs.30.2724 crores during the quarter ended March 31, 2022, representing a fall of 2.32% YoY. During Q4FY23, the company recorded a net profit of 11.69 Cr up by 19.44% YoY from 9.78 Cr during Q4FY22. During the quarter under review, the EPS of Gujarat Themis Biosyn stood at 8.05 compared to 6.74 recorded during the year-ago quarter.

On Friday, the shares of Gujarat Themis Biosyn closed on the BSE at 792.85 apiece down by 0.66% from the previous close of 798.10. The stock touched a 52-week-high of 921.05 on (19/12/2022) and a 52-week-low of 376.10 on (21/06/2022). The stock's price rose from Rs. 36.50 to the current market price, representing a multibagger return of 1810.48%. With a multibagger return of 358.29% over the past three years, it went up from 190.70 to the present market price. The stock has gone up by 97% over the past year, and YTD (year-to-date), it has risen by 1.86%. During Q4FY23, the company recorded promoters shareholding of 75.00%, FIIs stake of 0.01%, DIIs stake of 0.03% and a public stake of 24.95%.

 

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ABOUT THE AUTHOR
Vipul Das
Vipul Das is a Digital Business Content Producer at Livemint. He previously worked for Goodreturns.in (OneIndia News) and has over 5 years of expertise in the finance and business sector. Stocks, mutual funds, personal finance, tax, and banking are among his specialties, and he is a professional in industry research and business reporting. He received his bachelor's degree from Dr. CV Raman University and also have completed Diploma in Journalism and Mass Communication (DJMC).
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Published: 14 May 2023, 10:25 PM IST
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