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Business News/ Markets / Stock Markets/  CDGS stock is over 1000% above 52-week-low, record date for stock split fixed
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CDGS stock is over 1000% above 52-week-low, record date for stock split fixed

With a market valuation of Rs. 39.94 Cr., Deep Diamond India Ltd. is a small-cap business that operates in the consumer discretionary industry.

The shares of Deep Diamond India Ltd closed today on the BSE at ₹124.80 apiece, down by 0.08% from the previous close of ₹124.90. (PTI)Premium
The shares of Deep Diamond India Ltd closed today on the BSE at 124.80 apiece, down by 0.08% from the previous close of 124.90. (PTI)

With a market valuation of Rs. 39.94 Cr., Deep Diamond India Ltd. is a small-cap business that operates in the consumer discretionary goods & services (CDGS) industry. Deep Diamond India Ltd., which was established in 1993, has been offering 18K diamond jewellery for 25 years. The company's board of directors set a record stock split date today, which market observers may employ to predict future price movements.

For the purpose of sub-division of face value of equity shares from Rs. 10/- each to face value of Rs. 1/- each, the record date has been fixed as Friday, January 20, 2023, said the Board of Directors of the company in a stock exchange filing today.

The shares of Deep Diamond India Ltd closed today on the BSE at 124.80 apiece, down by 0.08% from the previous close of 124.90. The stock recorded a total volume of 4,689 shares compared to the 20-Day average volume of 11,965 shares. 

The stock value has risen from 14.40 on February 27, 2018, to the current market price during the past five years, representing a multibagger return of 766.67%. The stock price climbed from 10.60 on June 24, 2020 to the current market price during the past three years, resulting in a multibagger return of 1,077.36%. The stock price rose from 14.88 on January 4, 2022, to the present market price during the course of 1 year, resulting in a multibagger return of 738.71%. The stock has produced a multibagger return over the past six months of 480.47% and has appreciated by 50.45% during the past month. 

The stock had touched a 52-week-high of 171.95 on (25/10/2022) and a 52-week-low of 11.00 on (23/02/2022), indicating at the current market price the stock is trading 27.42% below the 1 year high and 1,034.54% above the 1 year low. For the quarter ended September 2022 or Q2FY23, the company posted a promoter shareholding of 0.13% and a public stake of 99.87%.

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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: 03 Jan 2023, 07:02 PM IST
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