During today’s closing session, the market cap of consumer discretionary firm Ashapuri Gold Ornament was 202.99 crores. With an experience of 25 years, Ashapuri Gold Ornament is considered as one of the leading manufacturer and supplier of gold ornaments.
The Board of Directors has approved the proposal to split/sub-divide 1(one) Equity Share of the face value of Rs.10/- (Rupees Ten only) of the Company into 10(ten) Equity Shares of the face value of Rs. . .1/- (Rupee One only),” Ashapuri Gold Jewelery said in a stock exchange filing.
Ashapuri Gold Ornament said the board has also approved the proposal to apply for direct listing of the company on the main board of NSE.
Ashapuri Gold Ornament said that the rationale behind the stock split is to enhance the liquidity in the capital market and the expected time for completion of the stock split is within 2 months from the date of approval from the shareholders/members.
The company said that its revenue from operations during the fourth quarter of FY 2023 stood at Rs 30.18 crore 37.63 crore during Q4FY22.
Ashapuri Gold Ornament said its net profit declined to Rs 0.02 crore during the quarter ended March 2023. 0.34 crore was recorded during the year-ago quarter.
Shares of Ashapuri Gold Ornament closed today on BSE. Down 0.95% from previous close of 81.20 81.98. The stock touched a 52-week high At 95.30 (13/02/2023) and at 52-week low 38.80 at (30/06/2022), indicating that at current market price, the stock is trading 109.27% from 1 year low and 14.79% above 1 year low.
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