Bharat Agri Fert & Realty is a small-cap company with a market valuation of ₹ 589 crores. The company is engaged in the business of construction and development of Residential And Commercial Complexes, Manufacturing Fertilisers And Operating A Resort.
The board of directors of Bharat Agri Fert & Realty in their meeting held on February 01, 2023, approved the proposal for the sub-division of equity shares of the face value of ₹ 10 each into 10 equity shares of ₹ 1 each, subject to the approval of the members of the company.
The rationale behind the split is to facilitate small investors to deal with the company’s shares. The split is expected to be completed in approximately two to three months including the time required for seeking approval of the shareholders.
The company’s shares were trading at ₹ 1,127.70 apiece, at 02:06 PM on Tuesday. The company has given multibagger returns of 222.52% in the past year as its share price increased from ₹ 349.65 levels. Therefore, if an investor would have invested ₹ 1 lakh in the company’s shares one year ago, the value of their holdings would have been ₹ 3.22 lakhs today!
Written by Simran Bafna
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