Small Cap FMCG Stock To Announce Stock Split, Hits Multiple Upper Circuits

Board of small cap stock operating in FMCG sector, Ravalgaon Sugar Farm Ltd is scheduled to meet on August 30, 2023 to consider and approve the proposal for sub-division/stock split of equity shares. Ravalgaon Sugar Farm shares surged 48% in last 6-months and gained 136% in last 1-year. The stock hit multiple upper circuits in last few days. Check details below:

Ravalgaon Sugar Farm To Meet On Aug 30 For Stock Split: According to the BSE filing of Ravalgaon Sugar Farm dated August 9, 2023, "Pursuant to the provisions of Regulation 29 and any other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, August 30, 2023 inter-alia, to consider and approve the proposal for sub-division of existing Equity Shares of the Company having a face value of Rs. 50/- each, fully paid up, in such manner as may be determined by the Board of Directors subject to the approval of Shareholders of the Company and/or any other regulatory/statutory approvals (if any)."

Ravalgaon Sugar Farm Stock Performance & Return: Current market price of Ravalgaon Sugar Farm share is Rs 5324.60 apiece with intraday gain of 5.00% as of August 21, 2023. Its 52-week high price is Rs 6153.75 apiece and 52-week low price is Rs 2257.05 apiece, respectively. It has a market capitalisation of Rs 36.21 crore. The stock hit upper circuit on August 21, August 18, August 17, and August 16. Ravalgaon Sugar shares jumped 48% in last 6-months, rallied 135% in last 1-year, and 154% in last 2-years. In last 3-years, Ravalgaon Sugar stock surged 189% in last 3-years.

It is worth mentioning here that presently trading has been restricted in Ravalgaon Sugar for the last 2-days on account of GSM. The Graded Surveillance Measure (GSM) framework was launched by SEBI in association with the exchanges. Its basic goal was to boost market integrity and safeguard the interests of investors. Stocks moved to GSM can be tracked on NSE (WEB) and BSE (WEB) websites.

Ravalgaon Sugar Financial Performance: The company for the quarter ended June 30, 2023 declared its standalone total income at Rs 1.90 crore, down 24.80% as compared to last quarter total income of Rs 2.53 crore. Its recent quarter net profit after tax has been declared at Rs -.94 crore.

Ravalgaon Sugar About: The Ravalgaon Sugar Farm Limited is a public limited company that manufactures confectionery. The Company was founded in 1933 as part of the Walchand Group but operates independently today. The Company's registered office and manufacturing facilities are situated in Ravalgaon, in the Nasik district of Maharashtra. The Confectionery Division makes hard-boiled sweets and toffees under the Ravalgaon brand. Its innovative and timeless products include Pan Pasand, Mango Mood, Cheery and many others, according to its official website.

Disclaimer: The stock just highlights the stock split and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for ay losses. Please consult a professional advisor.