With a market valuation of Rs. 584.29 Crore, Bharat Agri Fert & Realty Limited is a small-scale company engaged in chemical industry. The company launched a public offering in 1962, and was soon registered on the Bombay Stock Exchange in 2001. The company is one of the industry’s top producers of NPK fertilizers, specializing in SSP fertilizers in powder and granular form. The corporation has said that the proposed stock split has received board approval.
The company said in a stock exchange filing that “The Board has approved the proposal for sub-division of Equity Shares of face value of Rs 10 each of the Company into 10 Equity Shares of Re 1 each. Members of the Company Acceptance.”
Speaking on the rationale behind the said corporate action, the Board stated that the company has announced the stock split to improve the liquidity of the company’s share in the stock market and to facilitate retail investors to deal in our shares.
The Board decided to close the Share Transfer Book and Register of Members for the period commencing from February 21 and ending on February 28, 2023. (both days inclusive). The Board fixed February 3, 2023 as the record date for serving the EGM notice to the members and shareholders of the Company and February 17, 2023 as the cut-off date for identifying the eligibility of shareholders to participate in electronic voting at the EGM.
Shares of Bharat Agri Fruit and Realty on BSE on Friday 1105.45 each level, down 0.19% from previous close 1107.55. The stock registered a total volume of 32,907 shares as compared to the 20-day average volume of 35,193 shares. Share price in last five years 139.80 at the current market price, yielding multibagger returns of 666.34%. share price went up 204.70 at the current market price in the last three years giving multibagger returns of 475.76%.
share price exceeded 349.65 at the current market price over the last year, resulting in a multibagger return of 223.14%. The stock has seen YTD performance of 8.00% and multibagger return of 147.94% in last six months. The stock touched a 52-week high 1,215.00 (27/01/2023) and 52-week low 325.00 on (25/02/2022). For the quarter ending December 2022 or Q3FY23, the company reported promoter shareholding of 67.91% and public shareholding of 32.09%.
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