Active Stocks
Tue Apr 16 2024 15:59:30
  1. Tata Steel share price
  2. 160.05 -0.53%
  1. Infosys share price
  2. 1,414.75 -3.65%
  1. NTPC share price
  2. 359.40 -0.54%
  1. State Bank Of India share price
  2. 751.90 -0.65%
  1. HDFC Bank share price
  2. 1,509.40 0.97%
Business News/ Markets / Stock Markets/  Multibagger FMCG stock announces stock split: Details here
BackBack

Multibagger FMCG stock announces stock split: Details here

In the Fast Moving Consumer Goods (FMCG) industry, Alfavision Overseas (India) Ltd. is a small-cap company with a market cap of Rs. 48.33 crores.

Alfavision Overseas (India) has announced the division or split of its equity shares from the face value of Rs. 10/- each into equity shares of face value of Rs. 1/- each.Premium
Alfavision Overseas (India) has announced the division or split of its equity shares from the face value of Rs. 10/- each into equity shares of face value of Rs. 1/- each.

In the Fast Moving Consumer Goods (FMCG) industry, Alfavision Overseas (India) Ltd. is a small-cap company with a market cap of Rs. 48.33 crores. The company makes herbal drugs and conducts agribusiness services. The corporation has announced the division or split of its equity shares from the face value of Rs. 10/- each into equity shares of face value of Rs. 1/- each.

Pre -Split Equity Shares: Authorized share capital of Rs. 3,50,00,000 /- comprised of 35,00,000 equity shares of Rs. 10/- each and issued/ paid up/ subscribed share capital of Rs. 3,15,26,000 /- comprised of 31,52,600 equity shares of Rs. 10/- each.

Post -Split Equity Shares: Authorized share capital of Rs. 3,50,00,000 /- comprised of 3,50,00,000 equity shares of Rs. 1/- each. Issued/ paid up/ subscribed share capital of Rs. 3,15,26,000 /- comprised of 3,15,26,000 equity shares of Rs. 1/- each.

The company has said in a stock exchange filing that “Pursuant to Regulation 30(2) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company in their meeting held today i.e., on Friday, July 8, 2022, inter-alia, approved Sub-division/ Split of Equity Shares of the Company from face value of Rs. 10/- each into Equity Shares of face value of Rs. 1/- each as per the section 61 (1) (d) of the Companies Act, 2013, subject to regulatory/statutory approvals as may be required and the approval of the shareholders of the Company."

The BSE-listed stock gained 0.69 per cent from its previous close of 152.25 and closed at 153.30. The stock reached its new 52-week-high level of 153.35 during today's trading, while its 52-week low level was achieved at 38.65 on 17/08/2021, meaning that the stock is currently trading 296 per cent above its 52-week low. The stock has climbed from 41.55 on July 9, 2021, to its current level during the past year, representing a multibagger return of 268.95 per cent. The stock has gained 22.94 per cent year-to-date (YTD) so far in 2022. And 13,834 shares were traded in total today on the BSE. The company's book value per share is 144.65, meaning that the stock is selling at a low price-to-book ratio of 1.06; nevertheless, the promoter holding has been stable at a low level of 24.80% since December 21.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

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).
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 08 Jul 2022, 10:39 PM IST
Next Story footLogo
Recommended For You
GENIE RECOMMENDS

Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

Let’s get started
Switch to the Mint app for fast and personalized news - Get App