Multibagger Company Nikhil Adhesives Stock Split Record Date Today, Share Rallies 140% In 1 Year

Multibagger company Nikhil Adhesives Ltd., had announced a stock split with a face value of Rs. 1 from Rs. 10. The ex-date for the stock split was yesterday, and the record date is today, on October 13. However, its share price stood at Rs. 164.85 a piece, falling by 5% in trade today.

Nikhil Adhesives Ltd. - stock performance

In the last 5 days, the share of Nikhil Adhesives Ltd. fell by 11.23%. However, in the past 6 months it has surged 91.89%. In the last 1 year its share price has surged significantly by 140.94% a piece. Additionally, in the last 5 years its share price surged by 1,221.97%. It is a small-cap stock with a market capitalization of Rs. 757.37 crore.

The 52-week high level of this stock is Rs. 199.80, and the 52-week low level of this stock is Rs. 60.36.

Financial results

According to data available with BSE, in Q1 FY23, the company's revenue stood at Rs. 224.28 crore, as against Rs. 217.97 crore in the previous quarter. The company's net profit was reported at Rs. 6.28 crore in Q1 FY23, as against Rs. 6.13 crore in Q4 FY22.

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