Shangar Decor Stock Split Details
Shanghar Decor Stock Split will enhance the liquidity of the company’s shares and encourage greater participation from retail investors. It is expected that the stock split will make the shares more accessible to a larger pool of investors, particularly small investors, who might have found the stock’s previous value prohibitive.
The company said at the exchange fling, “The Sub-Division/Split of Equity Shares of the Company from face value of Rs. 5/- each to Rs. 1/- each, subject to the approval of regulatory/statutory authorities and the shareholders of the Company at the Extraordinary General Meeting.”
The stock split is still subject to regulatory approval and shareholder consent, which will be sought at an Extraordinary General Meeting (EGM) set for February 17, 2025. If the proposal receives approval, the process will be completed within approximately two months.
Shangar Decor Ltd Stock Performance
Shangar Decor’s shares have seen a steady rise in recent months. The stock opened today at Rs. 5.77, showing a modest increase of 0.35%. Over the past five days, the stock has gained approximately 2.15%, driven in part by the announcement of the stock split. However, the company’s performance in the last month has seen a dip, with a 9% decline. Despite this, over the past six months, the penny stock has appreciated by 10.70%, and in the last year, it has delivered a significant return of 34%. Shangar Decor’s stock has shown impressive growth since its listing on the Bombay Stock Exchange (BSE) in 2017. Back then, the stock was priced at Rs. 2.17, and since then, it has gained 109%. Currently, with a market capitalization of approximately Rs. 55.72 crore, Shangar Decor Ltd. is categorized as a penny stock. Despite being a smaller player in the stock market, the company has been relatively profitable for investors. Its earnings per share (EPS) stands at 0.16.
About Shangar Decor Ltd.
Founded in 1995, Shangar Decor Ltd. is a well-established player in Ahmedabad, known for its high-quality décor services. The company has carved a niche in providing expert services for a variety of events, including pre-wedding ceremonies, theme weddings, corporate events, religious functions, property décor, and catering services. The company has continuously expanded its portfolio of services, ensuring that it meets the diverse needs of its clients. Its long-standing presence in the market has made it a go-to choice for a wide range of clients looking for specialized event services.
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Original news source Credit: www.goodreturns.in
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