With a market value of Rs. 29.84 Crore, RO Jewels is a Small-cap company operating in Consumer Discretionary industry. In December 2022, the Board authorized the split of one equity share with a nominal value of Rs. 10 in five equity shares with a nominal value of Rs. 2, subject to all necessary authorizations and approvals.
For the purpose of above corporate action, the company had earlier fixed 06.03.2022 as the record date but the same has been revised to 18th March 2023. The Board of Directors of RO Jewels stated in a stock exchange filing that “Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, and the record date intimation filed on 06.03.2022, wherein the record date as prescribed earlier, 7 working days did not meet the criteria of advance notice, we wish to inform you that the Company has revised March 18, 2023 as the “Record Date” for the purpose of sub-division of equity shares of the Company for the purpose of sub-division of the members’ entitlement 10 to the face value of Rs.2/- each (with a corresponding increase in the total number of shares).”
During Q3FY23, the company reported a net income of 104.92 crores and net expenditure 104.46 cr. The company said its EBIT stood at 0.46 crore during the quarter ended Dec 2022 and its net profit reached 0.36 cr in Q3FY23. Ro Jewels’s EPS was 0.36 in the said quarter.
RO Jewels shares closed at the upper circuit limit of 5 per cent on BSE on Friday. 29.58 each level. The stock registered a net volume average of 12,340 shares and a deliverable volume average of 12,339 shares or 99.99%. The RO Jewels Initial Public Offering (IPO) was active from March 12 to March 17, 2020, and was listed on the stock exchanges on March 25. Consists of 1,365,000 Equity Shares with a face value of Rs. 10 and a maximum value of Rs. 4.91 crore, the price band of RO Jewels IPO was issued at 36 per share.
The stock rose from Rs. Posting a multibagger return of 4.52, 554.42% at the current market price during 1 year. The stock has declined 51.94% YTD so far in 2023, while it has gained 47.90% in the last six months. The stock has recovered 20.20% in last five trading sessions after falling 21.64% over the previous month. The stock touched a 52-week high 66.85 (20/01/2023) and at 52-week low 4.05 on (29/03/2022).
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