After rallying over 2600% in 3 years, Board of this multibagger stock to mull stock split soon

multibagger stock to mull stock split

Hardwyn India is a small cap company with a market value of 388 Cr. It is in the commercial services business. Hardwyn is a big name in India when it comes to making building hardware. The company is one of the best at making architectural hardware and glass fittings. For the past 50 years, it has provided complete solutions for both residential and commercial projects.

“According to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we’d like to let you know that the Board of Directors of the Company will meet on April 26, 2023, among other things, to talk about and approve the following businesses: The Board of Hardwyn India said in a filing to the stock exchange today, “To consider Split of Equity shares of the Company and consequent amendment to the Capital Clause of the Memorandum of Association of the Company, subject to approval of the shareholders and other necessary approvals, to make the said changes.”

During the three months that ended in December 2022, the company had a net income of 34.73 Cr and net expenses of 30.00 Cr. During Q3FY23, the company’s EBIT was 4.73 Cr and its net profit was 3.27 Cr, according to the company. During Q3FY23, the company’s EPS was 2.13, which was less than in Q2FY23, when it was 3.06.

The shares of Hardwyn India ended the day on the BSE at 254.75 each, which is 2.67 percent less than where they ended the day before, at 261.75. There were a total of 3,035 shares of the stock, but only 2,267 could be delivered, or 74.70%. In the last five years, the stock has given a return of 3,680% and in the last three years, it has given a return of 2,679.41%. In the past year, the stock has gone up by 215%, which is called a “multibagger.” However, so far in 2023, it has gone down by 25.2%. The stock’s 52-week high was 355.15 on November 18, 2022, and its 52-week low was 80.04 on April 12, 2022. During Q4FY23, the promoters owned 43.77% of the company and the public owned 56.23%.

Source: Team CurrencyVeda