Regis Industries Ltd, a small-cap company in the NBFC sector, has announced a board meeting scheduled for November 18, 2024, to consider a proposal for a stock split or sub-division of its shares. As of the last trading session, the shares were priced at Rs 177.70 on the BSE, showing an intraday gain of 3.25%. Over the past two weeks, the stock has rallied by 13.87%, and its market capitalization currently stands at Rs 305.78 crore. Notably, this will be the first time Regis Industries has proposed a stock split, as the company has not issued any bonus shares or dividends in the past.
In terms of performance, the shares have reached a 52-week high of Rs 204.15 (as of October 21, 2024) and a low of Rs 85.50 (recorded on November 12, 2023). Over the last month, the stock has gained 28%, surged by 65% in six months, and delivered an impressive return of 86% over the past year. In a remarkable two-year span, Regis Industries’ stock has yielded a staggering 1167% return.
Founded on May 14, 1982, Regis Industries primarily engages in investment in shares and securities as an NBFC. The upcoming board meeting, as stated in their exchange filing on October 22, 2024, will adhere to the provisions of Regulation 29 and 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Disclaimer: This information is for informational purposes only and should not be considered as financial advice or a recommendation to buy or sell any securities. Investing in stocks involves risks, including the loss of principal. Before making any investment decisions, it is advisable to conduct thorough research or consult with a qualified financial advisor. The performance data mentioned is historical and may not be indicative of future results.
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