With a market capitalization of Rs. 357.26 Crore, Arfin India Limited is a Small-cap company engaged in Metals and Mining industry. Aluminum Deaux, Aluminum Alloy Ingots, Aluminum Drawn Wire, Aluminum Wire Rods, Aluminum Automobile Components, Cored Wire Mill, Conductors and Cables are among the products that the firm manufactures. In its meeting held today, October 22, 2022, the company’s board of directors has set a record date for the stock split, which existing shareholders and potential buyers should be aware of.
The company in a stock exchange filing today said that “in terms of regulation 42(2) of the SEBI Listing Regulations, the company has set Monday, November 14, 2022, as the ‘record date’ to determine eligibility. Shareholders for the purpose of sub-division/division of each fully paid-up equity share of face value 10/- (Rupees ten only) in the share capital of each company, in ten (10) fully paid-up equity shares of face value 1/- (Rupees One only) each, as approved by the Shareholders through postal ballot through electronic means on 21st October, 2022.”
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Arfin India Ltd. Trading ended on Friday in the shares of 224.80 per piece, down 0.38 per cent from its previous close of Rs. 225.65. A total of 2,872 shares traded in the stock on Friday, lower than the 20-day average volume of 8,849 shares. share price climbed 7.29 as on May 29, 2015, at market price today, represents an all-time high of 2,983.68% over the past seven years.
The stock has lost 35.44% in the last five years, but it has given a multibagger return of 196.18% during the last year. In the last 3 years, the stock has generated a multibagger return of 286.92% and on YTD basis, the stock has grown by 73.93% so far in 2022. For the quarter ended September or Q2FY23, the company reported promoter shareholding of 74.11%, government shareholding of 0.04% and public shareholding of 25.85%. The stock had touched a 52-week high 52-week low of 314.00 (13/09/2022) and 62.55 on 29/11/2021), indicating that the stock is trading up 28.40% from the high and 259.39% from the low at the current price level.
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