Swarnim Trade Industries Limited is a small-cap firm that specializes in the textile trade including cotton, poly-cotton and other synthetic fibers. The market capitalization of the company is 27 crores, and the BSE listed stock has set June 2, 2022 as the stock split date.
The Company has informed BSE saying that “in accordance with Section 91 of the Companies Act, 2013 and in compliance with Regulation 42 of SEBI LODR Regulations, 2015, the members are hereby informed that the Company has entered into amalgamation on 2nd June, has set the record date of 2022. In the face value of equity shares of the face value of equity shares of Rs.1/- to Rs.10/- under regulation 42 of SEBI LODR Regulations, 2015.
In the past year, stock . fell from 51.80 June 28, 2021 to 11.17 On 27 May 2022 at 3:30 PM IST, there is a loss of 78.44 percent. The stock is down 60.81 percent year-on-year (YTD) so far in 2022 and -75.66 percent over the past six months. In the past month, the stock has lost 23.39 percent of its value, but has gained 21.41 percent in the last five trading days. The stock closed on the upper circuit on Friday, with a one-day range. 11.17 – 11.17, total volume traded of 745, and bid price per quantity 11.17 Vs. Offer Quantity 9.77.
The stock is trading higher than the 5-day moving average but below the 20-day, 50-day, 100-day and 200-day moving averages at the current market price. 11.17. Shares hit 52-week low 8.92 on May 20, 2022, and touched a 52-week high of 51.90 on June 28, 2021, which means it is currently trading at a discount of 78 percent from its 52-week high.