Achyut Healthcare Ltd, a small-cap company in the pharmaceutical sector, has experienced a significant rise in its share price, gaining 31% in the last two weeks. As of its last trading session on BSE, the stock price stood at ₹66.25 per share. The company, which has a market capitalization of ₹111.47 crore and carries zero debt, announced major corporate actions on October 19, 2024.
Key Announcements:
- Bonus Issue: The company recommended a bonus issue of 4:10, meaning shareholders will receive four additional shares for every ten shares they hold. This is the second bonus issue within the last year.
- Stock Split: Achyut Healthcare also proposed a stock split, where one share with a face value of ₹10 will be split into 10 shares with a face value of ₹1, pending shareholder approval.
Stock Performance:
- 52-week high: ₹71.90 (on October 17, 2024)
- 52-week low: ₹40.23 (on May 2, 2024)
- Recent Performance: The stock has returned 30% in the last year and gained 484% over the last two years, highlighting its strong growth.
Achyut Healthcare is engaged in pharmaceutical trading, specializing in active pharmaceutical ingredients (API), medical devices, and healthcare products through innovation and technology.
Note: This summary is for informational purposes only and does not constitute investment advice.
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