During Wednesday’s trading session, the shares of this Non-Banking Financial Company (NBFC) registered with the RBI and classified as NBFC – Base Layer (NBFC-BL) surged nearly 5.5 percent to Rs. 432 on BSE, after the company announced fixing a Record Date for the stock split in a 1:10 ratio.
With a market cap of Rs. 98.4 crores, at 12:42 p.m., the shares of Kiduja India Limited were trading in the green at Rs. 409.95, up by nearly 0.1 percent, as compared to its previous closing price of Rs. 409.55.
What’s the news
According to the latest regulatory filings with the BSE, Kiduja India Limited has fixed Friday, 31st January 2025, as the “Record Date” to determine the eligibility of shareholders for the stock split.
On 2nd September 2024, the Board of Kiduja India Limited approved the sub-division/split of equity shares of the company in a 1:10 ratio, where 1 equity share of Rs. 10 each will be sub-divided/split into 10 equity shares having a face value of Re. 1 each.
Financials
Kiduja India reported a marginal growth in revenue from operations, experiencing a year-on-year increase of nearly 0.5 percent, rising from Rs. 10.33 crores in Q2 FY24 to Rs. 10.38 crores in Q2 FY25.
In contrast, during the same period, the company’s net profit decreased from Rs. 8 crores to Rs. 6.08 crores, representing a decline of around 24 percent YoY.
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Stock Performance
The stock has delivered multibagger returns of nearly 121.7 percent in one year, while around 52.4 percent of positive returns in the last six months. However, the shares of Kiduja India have given negative returns of about 9 percent in the last one month.
About the company
Kiduja India Limited is primarily engaged in the business of investments and dealing in shares, securities and derivative instruments. It is registered as a Non Banking Financial Company (NBFC) with the Reserve Bank of India and is classified as NBFC – Base Layer (NBFC-BL).
Written by Shivani Singh
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