NBFC stocks set record date for 10:1 stock split, scrips at 52-week low

Shree Securities Limited is a Small-Cap company having a market cap of 123.29 Cr and the company deals in financial services as a Non-Banking Financial Company (NBFC). The organization is registered with RBI as an NBFC at Kolkata and is involved in finance, investment and provision of various services including investment in NBFCs and shares and securities in both public and unlisted markets. Based on the decision of the board meeting held on December 16, 2022, the firm has declared a 10:1 stock split for which the record date has been announced.

By fixing the record date as March 16, 2023, the board of directors of Shree Securities said in a stock exchange filing that “in compliance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements Regulations, 2015 and Section 91 of the Companies Act, 2013) , The Members of the Company hereby inform that the Company has fixed the record date for sub-division of Equity Shares in face value of Rs.10 each. 1 each.”

During Q3FY23, the company said it reported a net profit of Rs. 0.12 Cr, up 100% YoY 0.06 crore was recorded in Q3FY22. Shree Securities said its revenue from operations reached 0.13 Cr in QE Dec 2022, up 8.33% YoY 0.12 crore was recorded in the quarter ending December 2021. Shree Securities’ EPS stood at as compared to 0.015 in Q3FY23 0.007 in the year-ago quarter.

Shares of Shree Securities Ltd closed at a new 52-week low on Friday down 4.92% from the previous close of 15.45 16.25. The stock registered total average volume of 5,38,415 shares and distributable average volume of 5,38,415 shares or 100.00%. The stock has declined 33.92% in last 1 year and on YTD basis, it has declined 30.41% in 2023 so far. The stock has touched a 52-week high. 34.05 at (06/12/2022), indicating that at the current market price, the stock is trading at a discount of 54.62% from its 1-year high. During Q3FY23, Shree Securities reported promoter shareholding of 30.63% and public shareholding of 69.37%.


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