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Vipul Das

Multibagger stock Rajnish Wellness approves stock split, scrip rises 439% YTD

The last traded price of Rajnish Wellness Ltd was recorded at ₹22.05 apiece. (PTI)

The company has said in a stock exchange filing that “We wish to inform the exchange that the Board of Directors in their meeting held on Thursday, November 24, 2022, at the registered office of the Company have inter-alia considered and approved Sub-division/split of equity shares of the Company from 1 (One) equity share of Rs. 2/- (Rupees Two only) each to 2 (Two) equity shares of Re. 1/- (Rupee One only) each. Such sub-division/split will be subject to the approval of shareholders and other statutory approvals as may be required. The record date for sub-division/split shall be decided by the board and will be intimated to exchange."

The expected time of completion is within 2 months from the date of approval from the shareholders/members.

Stock split details of Rajnish Wellness

Split ratio: 1 (One) Equity share of Rs. 2/- each will be sub-divided / Split into 2 (Two) equity shares of face value of Re. 1/- each.

Pre and Post share capital structure

Share Capital Pre-Split (Rs.) Post-Split (Rs.)
Authorised 100,00,00,000 100,00,00,000
Paid-up 76,84,74,660 76,84,74,660
Subscribed 76,84,74,660 76,84,74,660

Number of shares of each class pre and post-split

Share Capital Pre-Split (No. of Shares) Post-Split (No. of Shares)
Authorised 50,00,00,000 equity shares of Re. 2/- each 10,00,00,000 equity shares of Re. 1/- each.
Paid-up 38,42,37,330 equity shares of Re. 2/- each 76,84,74,660 equity shares of Re. 1/- each.
Subscribed 38,42,37,330 equity shares of Re. 2/- each. 76,84,74,660 equity shares of Re. 1/- each.

Source: BSE filing

The firm recorded net sales of 6.74 crore in Q2FY23 as opposed to 6.02 crore in Q2FY22, a YoY rise of 12%. In the quarter that ended in September 2022, the firm reported a net profit of Rs. 0.16 crore as opposed to a net loss of Rs. 0.43 crore from the same period the previous year.

The last traded price of Rajnish Wellness Ltd was recorded at 22.05 apiece. The stock's multibagger return over the past five years has been 151.14%, and over the past year, it has been 139.41%. The stock's multibagger return on a YTD basis for 2022 is 439.12%.

ABOUT THE AUTHOR

Vipul Das

Vipul Das is a Digital Business Content Producer at Livemint. He previously worked for Goodreturns.in (OneIndia News) and has over 5 years of expertise in the finance and business sector. Stocks, mutual funds, personal finance, tax, and banking are among his specialties, and he is a professional in industry research and business reporting. He received his bachelor's degree from Dr. CV Raman University and also have completed Diploma in Journalism and Mass Communication (DJMC).
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