Stock Split: Small Cap Chemical Stock To Consider Sub-Division Of Shares, Gains 51% In 6-Months

Board of small cap stock operating in chemicals sector, HP Adhesives Ltd will soon consider sub-division of shares at its upcoming meeting scheduled for September 4, 2023. Last trading price of HP Adhesives share is Rs 523.55 apiece with intraday fall of 1.56% on BSE. HP Adhesives shares traded new 52-week high on August 17, 2023. Check details below:

HP Adhesives To Consider Stock Split Soon: According to the BSE filing of HP Adhesives dated August 17, 2023, "We wish to inform you that a meeting of the Board of Directors of the Company will be held on Monday, 04th September, 2023, to consider and approve, inter-alia, a proposal for alteration of Equity Share Capital of the Company by way of subdivision/ splitting its existing Equity Shares having a face value of Rs. 10/- each, fully paid up in such manner as may be determined by the Board of Directors pursuant to the provisions of Section 61(1)(d) of Companies Act, 2013 and subject to the approval of Shareholders of the Company and /or any other regulatory/statutory approvals, as may be required."

HP Adhesives Stock Outlook & Return: Last trading price of HP Adhesives share is Rs 523.55 apiece. Its 52-week high price is Rs 539.95 apiece and 52-week low price is Rs 309.80 apiece, respectively. It has a market capitalisation of Rs 962.02 crore. HP Adhesives shares jumped 19% in last 1-month, gained 26% in last 3-months, 51% in last 6-months, 38% year-to-date, and gained 19% in last 1-year.

HP Adhesives Financial Performance: The company for the quarter ended June 30, 2023 declared its net profit at Rs 4.51 crore. It announced Rs 3.87 crore net profit for the quarter ended March 31, 2023. The revenue for the June 30, 2023 quarter has been announced at Rs 59.32 crore as against Rs 57.86 crore announced for the quarter ended March 31, 2023.

HP Adhesives About: HP Adhesives is a leading provider of adhesives and sealants, headquartered in India. Today, it has a pan-India distribution network of over 750 distributors in 23 states and 4 union territories, serving over 50,000 dealers, and a growing presence in international markets.

Disclaimer: The stock just highlights the sub-division of shares 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.