Akashdeep Metal Industries Limited, a Small-cap company, operates in Financial services industry and has a market valuation of Rs. 127.71 cr. Incorporated in 1983 and licensed as an NBFC with Reserve Bank of India, the company offers a wide range of financial services. The Board of Directors of the Company will meet on Monday, December 12, 2022 to consider the proposal for Stock Split.
The company said in a stock exchange filing that “Pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Monday, December 12 , 2022, inter alia: 1. consider the proposal for sub-division (split) of the equity shares of the company in such manner as may be prescribed by the Board of Directors and its affairs; 2. change in the authorized share capital clause of the memorandum of association of the company; 3. Consider the proposal for appointment of Shri Sunil Kumar Malik (DIN: 00143453) as Additional Non-Executive Non-Independent Director. Further, in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for transactions in the securities of the Company shall remain closed with effect from November 24, 2022 till the expiry of 48 hours from the outcome of the Board meeting. ,
Akashdeep Metal Industries net profit up 150.00% for the quarter ending September 2022 to 0.85 crore 0.34 crore in the same period a year ago. in comparison 2.21 Crore reported in Q2FY22, the firm registered a net income of Rs. 5.06 Cr in Q2FY23, showing a YoY growth of 128.95%. In Q2FY23, the firm reported an EPS of 0.88 per share, down from 0.94 in Q2FY22.
Akashdeep Metal Industries Ltd share today 125.25 each level, down 0.20% from its previous close 125.50. In the trade today the stock registered a total volume of 88,360 shares as compared to 20-day average volume of 10,839 shares. The stock has given multibagger return of 226.17% in last five years and 314% in last three years. The stock has generated multibagger return of 142.03% during last year and YTD, it has given 149.75% return in 2022 so far.
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