Multibagger stock hit new 52-week-high as Board fixes record date for stock split, scrip up 185% from 1-year low

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The market value of small-cap company Goyal Aluminiums Ltd at the end of Wednesday was 513 Cr. Goyal Aluminiums is one of the top companies that makes aluminium coils, sheets, sections, and other parts. The company was started in 2018 and is now one of the best-known makers, sellers, and distributors of a wide range of metal products. After the Board set a record date for the stock split, the scrip hit a new 52-week high during trading today.
“Pursuant to Regulation 42 of Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulation, 2015, it is hereby informed that, the Board of Director of the Company at its Meeting held today, i.e., 12th April, 2023 has fixed 25th April, 2023 as the “Record date” for determining eligibility of members for the purpose of sub-division/split of the equity shares of the Company from face value of Rs. 10/

The record date has been set so that members can be checked to see if they are eligible for the sub-division of the company’s equity shares from Rs. 10/- each fully paid-up to Rs. 1/- each fully paid.

During afternoon trading, Goyal Aluminiums shares hit a new 52-week high of 359.80. They closed on the NSE at 359.75, which was 0.84% higher than their previous close. The stock traded a total of 1,44,259 shares, which is less than the average of 2,00,638 shares over the past 20 days. In the last year, the stock has made a return of 151.49%, which is more than doubling its value. So far in 2023, it has gained 87.22%. The stock hit a 52-week low of 126.30 on November 4, 2022. This means that at the current market price, the stock is trading 185% above its one-year low. During Q4FY23, the promoters of the company held 71.03% of the shares, FIIs held 0.01%, and the public held 28.97%.

Source: Team CureencyVeda