Multibagger stock surges 196% in 1 year, Board sets record date for stock split | Mint
Active Stocks
Wed Feb 28 2024 15:59:21
  1. Tata Motors share price
  2. 957.75 -0.52%
  1. Tata Steel share price
  2. 140.75 -2.36%
  1. HDFC Bank share price
  2. 1,408.15 -0.87%
  1. Power Grid Corporation Of India share price
  2. 279.55 -4.43%
  1. ITC share price
  2. 408.60 -0.62%
Business News/ Markets / Stock Markets/  Multibagger stock surges 196% in 1 year, Board sets record date for stock split
BackBack

Multibagger stock surges 196% in 1 year, Board sets record date for stock split

With a market capitalization of Rs. 357.26 crore, Arfin India Ltd. is a small-cap company that engages in the metals and mining industry.

Arfin India Ltd. shares ended trading on Friday at ₹224.80 a piece, down 0.38 percent from the previous close of ₹225.65. (PTI)Premium
Arfin India Ltd. shares ended trading on Friday at 224.80 a piece, down 0.38 percent from the previous close of 225.65. (PTI)

With a market capitalization of Rs. 357.26 crore, Arfin India Ltd. is a small-cap company that engages in the metals and mining industry. Aluminum Deox, Aluminum Alloys Ingots, Aluminum Drawn Wire, Aluminum Wire Rods, Aluminum Automobile Components, Cored Wire Mill, Conductor, and Cables are among the products that the firm manufactures. In their meeting held today October 22, 2022, the company's Board of Directors has fixed record date for stock split which existing shareholders and potential buyers should be aware of.

The company has said today in a stock exchange filing that “In terms of Regulation 42(2) of the SEBI Listing Regulations, the Company has fixed Monday, November 14, 2022 as the 'Record Date' for the purpose of determining the eligibility of Shareholders for the purpose of sub-division / split of every one fully paid-up equity share having face value 10/- (Rupees Ten only) each in the share capital of the Company, into ten (10) fully paid-up equity shares having face value 1/- (Rupee One only) each, as approved by the shareholders through postal ballot by way of electronic means on October 21, 2022."

Stock split details of Arfin India Ltd
View Full Image
Stock split details of Arfin India Ltd (bseindia.com)

Arfin India Ltd. shares ended trading on Friday at 224.80 a piece, down 0.38 per cent from the previous close of 225.65. The stock had a total volume of 2,872 shares traded on Friday, which was lower than the 20-Day Average Volume of 8,849 shares. The stock price climbed from 7.29 on May 29, 2015, to the market price today, representing an all-time high of 2,983.68% over the previous seven years.

The stock has dropped 35.44% over the past five years, but it has generated a multibagger return of 196.18% during the past year. In the last 3 years, the stock has generated a multibagger return of 286.92% and on a YTD basis, the stock has gained 73.93% so far in 2022. For the quarter that ended September or Q2FY23, the company reported a promoter shareholding of 74.11%, Government holding of 0.04% and public shareholding of 25.85%. The stock had touched a 52-week-high of 314.00 on (13/09/2022) and a 52-week-low of 62.55 on 29/11/2021), indicating that at the current price level the stock is trading 28.40% below the high and 259.39% above the low.

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. Check all the latest action on Budget 2024 here. Download The Mint News App to get Daily Market Updates.
More Less
Published: 22 Oct 2022, 05:47 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