{"id":113729,"date":"2023-11-15T14:03:23","date_gmt":"2023-11-15T08:33:23","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=113729"},"modified":"2023-11-15T14:03:28","modified_gmt":"2023-11-15T08:33:28","slug":"sugar-stock-hits-5-upper-circuit-after-it-fixes-record-date-for-15-stock-split","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/sugar-stock-hits-5-upper-circuit-after-it-fixes-record-date-for-15-stock-split\/","title":{"rendered":"Sugar stock hits 5% upper circuit after it fixes record date for 1:5 stock split"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-389594206\"><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>Shares of this micro-cap stock associated with the sugar industry hit the 5 percent upper circuit during the past couple of trading sessions. The company\u2019s stock has jumped nearly 30 percent in the last one month period.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-977276307\"><!-- 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>With a market capitalization of Rs 32 crores, the stocks of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/RAVALSUGAR\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">Ravalgaon Sugar Farm Limited<\/a><\/strong> opened their trading hour on Wednesday at Rs 4,760.40 hitting the 5 percent upper circuit. Currently, the company\u2019s stock is locked at the same price.\u00a0<\/p><p>At the start of November 2023, the company intimated that its Board of Directors fixed 24th November 2023 as the Record Date to ascertain the eligibility of the shareholders for a stock split in the ratio of 1:5, i.e., sub-division of one fully paid-up equity Share of Face Value of Rs 50 each into five fully paid-up equity shares of Face Value of Rs 10 each.&nbsp;<\/p><p>Having a look at the company\u2019s financials during the past couple of years, the revenues have turned positive, but, due to increased raw material and other costs, the company has still reported negative bottom-line numbers.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2553984853\"><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>Apart from the above, the company has reported deep negative profitability ratios with a recent jump in the debt-to-equity ratio from 2.25 times during FY21-22 to 4.54 times during FY22-23.&nbsp;<\/p><p>As per the shareholding data available for the September 2023 quarter, the company\u2019s Promoters hold a 53.3 percent stake followed by the Public (retail) investors holding a 46.64 percent stake in the company.&nbsp;<\/p><p>Founded in 1933, Ravalgaon Sugar Farm Limited is a company based in India operating in the \u2018confectionery\u2019 industry, i.e., a process of making hard-boiled sweets and toffees, under the \u201cRavalgaon\u201d brand.&nbsp;<\/p><p><strong>Written by Amit Madnani&nbsp;<\/strong><\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/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-4153580266\"><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>Shares of this micro-cap stock associated with the sugar industry hit the 5 percent upper circuit during the past couple of trading sessions. The company\u2019s stock has jumped nearly 30 percent in the last one month period.&nbsp; With a market capitalization of Rs 32 crores, the stocks of Ravalgaon Sugar Farm Limited opened their trading [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":107786,"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":[14395,14394,948,936,14396],"class_list":["post-113729","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-ravalgaon-sugar-stock-split","tag-ravalgaon-sugarshare-price","tag-stock-market","tag-stock-market-news","tag-why-is-ravalgaon-sugar-share-going-up"],"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>Sugar stock hits 5% upper circuit after it fixes record date for 1:5 stock split - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this micro-cap stock associated with the sugar industry hit the 5 percent upper circuit during the past couple of trading sessions. 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