Multibagger stock engaged in the business of trading and distributing different premium fruits, spices, etc jumped 8 percent in the day’s trade upon the announcement of the record date for the stock split.
At 12:12 p.m the shares of Growington Ventures India Limited were trading at Rs. 181.35, up 5.28 percent from its previous day’s close price of Rs. 172.25 and its market capitalization is Rs. 292 Crores. It has delivered multi-bagger returns of 236 percent in a year.
Growington Ventures India Limited has fixed January 31, 2024, as the record date for the purpose of determining the eligibility of Shareholders for the upcoming stock split.
The stock split will proceed in the ratio of 1:10, where 1 equity share of the company with a face value of Rs. 10 will be divided into 10 equity shares with a face value of Rs. 1.
Growington Ventures India Limited is engaged in the business of trading and distributing different types of premium fruits, spices, etc like kiwi, dragon fruit, avocado, and many more throughout India and overseas.
Its revenue from operations grew 1,496 percent from Rs. 1.23 Crore in FY22 to Rs. 19.63 Crores in FY23, accompanied by a loss of Rs. 3 lakhs to a Profit of Rs. 1.26 Crores.
It has reported a return on equity (ROE) of 10.8 percent and a return on capital employed (ROCE) of 16.1 percent, it is decent returns on its equity and good returns on its capital employed.
Written by: Bharath K.S
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