{"id":104980,"date":"2023-07-06T18:56:33","date_gmt":"2023-07-06T13:26:33","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=104980"},"modified":"2023-07-06T18:56:35","modified_gmt":"2023-07-06T13:26:35","slug":"multibagger-stock-with-103-returns-announces-110-stock-split-check-the-record-date-here","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-stock-with-103-returns-announces-110-stock-split-check-the-record-date-here\/","title":{"rendered":"Multibagger stock with 103% returns announces 1:10 stock split; Check the record date here"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-186227479\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>This multibagger stock has delivered 103 percent returns in the past year, as its share price increased from \u20b9 41.20 to \u20b9 83.47. Therefore, if an investor had invested \u20b9 1 lakh in the company\u2019s shares a year ago, the value of their holdings would have been \u20b9 2.03 lakhs today!&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1803035784\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/542579\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">Ashapuri Gold Ornament<\/a><\/strong> is engaged in the business of wholesale trading of jewellery.The jewellery is manufactured on a job-work basis at Ahmedabad and Rajkot. The company has fixed Tuesday, July 18, 2023, as the record date for the purpose of sub-division of its equity shares in the ratio of 1:10. Therefore each share having a face value of \u20b9 10 each will be divided into 10 equity shares having a face value of \u20b9 1 each.\u00a0<\/p><p>With a market capitalization of \u20b9 207 crores, Ashapuri Gold Ornament is a micro-cap company. It has a low return on equity of 2.19 percent and is almost debt free. Its shares were trading at a price-to-earnings ratio (P\/E) of 115.32, which is significantly higher than the industry P\/E of 27.28, indicating that the stock might be overvalued as compared to its peers.&nbsp;<\/p><p>The company\u2019s promoters hold a 62.17 percent stake in it followed by retail investors with 33.51 percent and foreign institutions with 4.32 percent.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1448352728\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Ashapuri Gold Ornament\u2019s revenue from operations stood at \u20b9 30.18 crores during Q4FY23, as compared to \u20b9 37.63 crores in the corresponding quarter of the previous year. However, its net profit slipped to \u20b9 0.02 crores during the quarter that ended on March 31, 2023, as against \u20b9 0.34 crores recorded during the same quarter a year ago.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3557624232\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>This multibagger stock has delivered 103 percent returns in the past year, as its share price increased from \u20b9 41.20 to \u20b9 83.47. Therefore, if an investor had invested \u20b9 1 lakh in the company\u2019s shares a year ago, the value of their holdings would have been \u20b9 2.03 lakhs today!&nbsp; Ashapuri Gold Ornament is [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":97870,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[9849,9848,9850,948,936],"class_list":["post-104980","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-ashapuri-gold-ornament-latest-news","tag-ashapuri-gold-ornament-share-price","tag-ashapuri-gold-ornament-stock-split-2023","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Multibagger stock with 103% returns announces 1:10 stock split; Check the record date here - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"This multibagger stock has delivered 103 percent returns in the past year, as its share price increased from \u20b9 41.20 to \u20b9 83.47. 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