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Multibagger stock hit 5% upper circuit, record date fixed for stock split

Investing in stocks that have the potential to become multibaggers is a popular strategy among investors. These are stocks that have the potential to grow significantly in value over time, leading to substantial returns for investors. In recent news, a multibagger stock hit the 5% upper circuit, and the company has fixed the record date for a stock split. In this article, we will discuss the details of the stock and what the stock split means for the company and its investors.

Understanding Multibagger Stocks

Multibagger stocks are stocks that have the potential to multiply in value over time. These are usually stocks of companies that are in a growth phase and have the potential to expand their business significantly. Investing in multibagger stocks can be a high-risk, high-reward strategy, as these stocks can also fall in value if the company fails to deliver on its growth potential.

Multibagger Stock Hits 5% Upper Circuit

In recent news, a multibagger stock hit the 5% upper circuit, indicating a surge in demand for the stock. The stock has been performing well in the market, and the upper circuit suggests that investors are bullish on the future prospects of the company.

The stock has been a favorite among investors due to its strong fundamentals and growth potential. The company has been performing well and has been consistently delivering good results. This has led to an increase in investor confidence in the company, which is reflected in the surge in the stock price.

Record Date Fixed for Stock Split

In addition to the surge in the stock price, the company has also fixed the record date for a stock split. A stock split is a process where a company increases the number of outstanding shares by issuing more shares to existing shareholders. The stock split does not affect the value of the shares held by investors, but it can increase the liquidity of the shares and make them more accessible to a wider range of investors.

The company has fixed the record date for the stock split, which means that shareholders on the record date will be eligible to receive the additional shares issued by the company. The stock split is a positive move by the company, as it can increase the liquidity of the shares and make them more accessible to a wider range of investors.

Implications of the Stock Split

The stock split has several implications for the company and its investors. Firstly, the stock split can increase the liquidity of the shares and make them more accessible to a wider range of investors. This can lead to an increase in demand for the shares, which can be a positive move for the shareholders.

Secondly, the stock split can also lead to an increase in investor confidence in the company, as investors see the stock split as a positive move by the company. This can lead to an increase in the share price of the company, as the increase in demand for the shares can lead to an increase in the share price.

Finally, the stock split can also lead to an increase in the trading volume of the shares, as the increase in liquidity can lead to more trading activity in the shares.

Artemis Electricals & Projects Ltd., a small-cap business with a market value of 255.68 Crore, operates in the industrial sector. OEM Artemis, situated in India, specializes in LED lights and associated goods. The corporation set a record date for the share split, and on Friday’s closing, the shares reached the upper circuit threshold of 5%.

“In accordance with Regulation 42 of the SEBI Listing Regulations, we hereby refer to our letters dated December 27, 2022, in which we announced the announcement relating to the record date for the split of Ordinary (Equity) Shares as March 31, 2023, and September 8, 2022, in which we intimated the Board’s recommendation for the sub-division of Equity Shares of Face Value of 10/- (Rupees Ten) each in Equity Shares of Face Value of 1/-We now like to advise you that the Corporation has designated Friday, March 31, 2023 as the ‘Record Date’ for the purpose of evaluating the eligibility of the shareholders for sub-division of Ordinary (Equity) Shares of face value. According to a stock exchange filing by Artemis Electricals and Projects Ltd, the business would issue 10/- (Rupees Ten) each in equity shares with a face value of 1/- (Rupee One), as authorized by the shareholders at the 13th Annual General Meeting scheduled to take place on September 30, 2022.

The company reported a net income of Rs. 20.75 crore for the quarter ending December 2022 as opposed to Rs. 5.00 crore for the quarter ending December 2021. In Q3FY23, the company incurred net expenses of Rs. 16.27 crore as opposed to Rs. 13.18 crore in Q3FY22. According to Artemis Electricals & Projects Limited, their EBIT has increased from a loss of 4.48 crore in the third quarter of FY23 to -8.18 crore in the third quarter of FY22. As opposed to a net loss of 2.43 crores 7.60 crores in Q3FY22, the company posted a net profit of Rs. for the quarter that ended in December 2022. The EPS for Artemis Electricals & Projects Ltd. was 3.03 was reported in Q3FY22, as opposed to a loss of 0.97 in Q3FY23.

Shares of Artemis Electricals & Projects Limited closed at 101.85 on Friday, the upper circuit level of 5%. 2,623 shares were averaged in total volume for the stock, and 2,123 shares, or 80.94%, were averaged in deliverable volume. The stock has increased 50.89% over the past five years, and in the most recent year, it has produced multibagger gains of 102%. It has gained 56.57% thus far and generated returns of 85.01% during the past six months. It increased by 34.63% in the previous month and by 2.46% during the previous five trading sessions. The stock had a 52-week high of 126.75 on January 2, 2023, and a 52-week low of 41.25 on July 7, 2022. The company reported that promoter shareholding was 72.23% during Q3FY23, and public shareholding was 27.77%.

Conclusion

Investing in multibagger stocks can be a high-risk, high-reward strategy, but it can lead to significant returns for investors. The recent surge in the stock price of a multibagger stock and the fixed record date for a stock split are positive moves by the company, and they reflect the strong fundamentals and growth potential of the company. The implications of the stock split are positive for the company and its investors, and it can lead to an increase in demand for the shares and an increase in the share price of the company. As always, investors should do their due diligence and consider all factors before making any

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