In Ahmedabad, Shangar Décor is a reputable business that was founded in 1995. Pre-wedding events, theme weddings, corporate events, religious events, property décor, lighting décor, and catering are just a few of the décor-related services it has years of experience offering its clients. Following the Board’s announcement of the record date for the 1:5 stock split, Shangar Decor’s shares closed Wednesday 0.62% higher at Rs 4.86 per share with a market valuation of Rs 47.59Cr.

Shangar Décor Stock Split Record Date

“Pursuant to Regulation 42 of Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulation, 2015, it is hereby informed that, the Board of Directors of the Company has revised the record date and has fixed the “Record date” on Friday, March 14, 2025 for the purpose of sub-division of 1 (One) Equity Share of the Company having face value of Rs. 5/- (Rupees Five only) each fully paid-up into 5 (Five) Equity Shares having face value of Rs. 1/- (Rupee One Only) each fully paid-up,” said Shangar Décor in a stock exchange filing.

Shangar Décor Financials

The company’s December 2024 quarter net sales of Rs 6.55 crore was a 377.13% improvement over the December 2023 quarter’s net sales of Rs 1.37 crore. In the quarter that ended in December 2024, its net profit was Rs. 1.47 crore, rising 4992.04% from Rs. 0.03 crore in the quarter that ended in December 2023. EBITDA increased by 551.35% from Rs. 0.37 crore in Q3FY24 to Rs. 2.41 crore in Q3FY25.

Shangar Décor Share Price Target

“Shangar Decor stock price is bearish on the Daily charts with strong resistance at 5.17. A Daily close below support of 4.56 could lead to a target of 3.8 in the near term,” commented A R Ramachandran, Independent Research Analyst.

Disclaimer

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