Stock Split: Multibagger Small Cap FMCG Stock Approves Sub-Division Of Shares

Board of small cap stock from the FMCG sector, Ravalgaon Sugar approved sub-division of shares on Wednesday. Earlier, the company on August 9 informed exchange that it would consider stock split on August 30. Ravalgaon Sugar shares offered shareholders return of 43% in last 1-month, gained 93% in last 1-year, and jumped 170% in last 3-years. Check details below:

Ravalgaon Sugar Gives Nod To Sub-Division Of Shares: According to the BSE filing of the company, "Pursuant to the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), we wish to inform you that the Board of Directors of the Company at their Meeting held today i.e. Wednesday, August 30, 2023, inter alia, considered and approved sub-division of existing equity shares of the Company from face value of Rs. 50/- (Rupees Fifty only) each to face value of Rs. 10/- (Rupees Ten only) each fully paid-up, subject to the approval of shareholders at the ensuing Annual General Meeting ('AGM') of the Company. The Record Date for sub-division of Equity Shares shall be decided post approval of the Shareholders of the Company."

Ravalgaon Sugar Stock Outlook & Return: Last trading price of Ravalgaon Sugar share is Rs 5058.40 apiece. The stock hit lower circuit on August 28, 2023. Its 52-week high price is Rs 6153.75 per share and 52-week low price is Rs 2490.05 per share, respectively. The company's market capitalisation is Rs 34.40 crore.

Currently, trading has been restricted in Ravalgaon Sugar on account of GSM. It is important to note that Graded Surveillance Measure (GSM) framework was launched by SEBI in association with the exchanges. Its key purpose is to enhance market integrity and protect the interests of investors. Stocks moved to GSM can be tracked on NSE (WEB) and BSE (WEB) websites.

Ravalgaon Sugar Financials: The company for the quarter ended June 30, 2023 declared fall of 24.80% in its consolidated total income to Rs 1.90 crore as against the preceding quarter total income of Rs 2.53 crore. Its latest quarter net profit after tax has been announced at Rs -.94 crore.

Ravalgaon Sugar About: It is a public limited company that is engaged in the manufacturing of confectionery. It 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.

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