Shradha AI Technologies Ltd to Review Stock Split Proposal on November 22, 2024

Shradha AI Technologies Ltd has announced a board meeting scheduled for Friday, November 22, 2024, to review and finalize the record date for a proposed stock split. Subject to shareholder approval, this move will require a resolution to be passed in an upcoming shareholder meeting. A stock split typically reflects a company’s growth and aims to make shares more affordable for retail investors by reducing the price per share. It also enhances liquidity and trading activity.

Stock Performance Overview

• November 19, 2024:
  • Opened at ₹81.30 and closed at ₹83.32, reflecting a 5% gain for the day.
• Short-Term Trends:
  • Declined by 2.10% over the last five trading days.
  • Gained 6.60% in November so far.
• Mid-Term Performance:
  • Surged by 61.25% over the last six months.
• Since Listing (September 15, 2023):
  • Debuted at ₹31.46; the stock has risen by 164.84%, delivering multi-bagger returns.
  • An investment of ₹1,00,000 at listing would now be worth ₹2,64,000, yielding a profit of ₹1,64,000.

About Shradha AI Technologies Ltd

Established in 1990, Shradha AI Technologies is a leading IT services provider specializing in:

• Cloud computing, data center management, and network services.
• Advanced technologies like data science, machine learning, artificial intelligence, and UI/UX design.

The company has a market capitalization of ₹203 crore and a turnover of ₹29.96 lakh.

Significance of the Stock Split

The proposed stock split aligns with Shradha AI’s impressive growth trajectory and could benefit investors by:

1. Making shares more affordable, and attracting retail investors.
2. Boosting liquidity, facilitating more active trading.
3. Reinforcing market confidence in the company’s future potential.

Investors should monitor the outcome of the board meeting and shareholder decision, as these developments could further impact the stock’s performance and market activity.

Disclaimer: This information is for educational purposes only and should not be considered financial or investment advice. Please consult with a financial advisor before making any investment decisions.