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Financial services firm engaged in the business of providing financial broking, advisory, consultancy, and other services hit a 5 percent upper circuit in the day’s trade upon announcing the record date for the split of equity shares of the company. 

Price Action 

With a market capitalization of Rs. 398 Crores, the shares of Almondz Global Securities Limited hit a 5 percent upper circuit in the day’s trade at Rs. 144 per equity share, from its previous day’s close price of Rs. 137.15. 

What Happened 

The Board of Directors of Almondz Global Securities Limited has considered and approved the sub-division/split of equity shares of the company in the ratio of 1:6 where 1 equity share with a face value of Rs. 6 will be divided into 6 equity shares with a face value of Rs. 1 and July 23, 2024, is fixed as the Record date for the split of equity shares of the company.

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About the company 

Almondz Global Securities Limited is engaged in the business of providing financial advisory and consultancy services. It operates through five segments i.e., Debt and equity market operations, Consultancy and Advisory fees, Wealth Advisory / Broking, Finance, and Healthcare activities. 

Financials and Ratios 

Its revenue from operations grew by 53 percent from Rs. 76 Crores in FY23 to Rs. 116 Crores in FY24, accompanied by profits of Rs. 16 Crores to Rs. 34 Crores. 

In terms of Return ratios, it has reported a return on equity (ROE) of 9.10 percent, and a return on capital employed (ROCE) of 9.30 percent. It has reported a debt-to-equity ratio of 0.11. 

Written by: Bharath K.S

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