During Wednesday’s trading session, the shares of a company engaged in the business of broking in securities surged nearly 15 percent to hit a new 52-week high at Rs. 267.75 on BSE, after the company fixed a Record Date for the 1:2 stock split as well as a bonus issue in 1:1 ratio.
With a market capitalisation of Rs. 276.8 crores, at 02:47 p.m., the shares of B.N. Rathi Securities Limited were trading in the green at Rs. 266.95, up by nearly 14.6 percent, compared to its previous closing price of Rs. 233.
What’s the News:
According to the latest regulatory filings with the BSE, B.N. Rathi Securities Limited has fixed the record date on Friday, 24th January 2025, for the purpose of a stock split and the issuance of bonus shares.
The stock split is in a 1:2 ratio, meaning 1 fully paid-up equity share with a face value of Rs. 10 will be split into 2 fully paid-up shares with a face value of Rs. 5 each.
The bonus shares will be issued in a 1:1 ratio, where shareholders will receive 1 new fully paid-up equity share with a face value of Rs. 5 for every 1 existing fully paid-up equity share of Rs. 5 held.
Financials:
The company experienced significant growth in its revenue from operations, showing a year-on-year rise of around 18 percent from Rs. 12.2 crores in Q2 FY24 to Rs. 14.4 crores in Q2 FY25.
Similarly, its net profit increased during the same period from Rs. 32. crores to Rs. 4 crores, indicating a growth of 25 percent YoY.
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Key Financial Ratios
In terms of key financial metrics, B.N. Rathi Securities has a Return on Equity (RoE) of 19.8 percent and a return on capital employed (RoCE) of 28.5 percent.
Shareholding Pattern
As per the September 2024 shareholding pattern, the Promoters hold a 47.61 percent stake in the company, while the retail investors holds a 52.39 percent stake in B.N. Rathi Securities.
Stock Performance
The stock has delivered multibagger returns of nearly 180.4 percent in one year, as well as around 107.5 percent returns in the last six months. In contrast, the shares of B.N. Rathi Securities have given positive returns of about 21.3 percent in the last one month.
About the Company
B.N. Rathi Securities Limited is primarily engaged in the business of broking in securities, along with dealing in depository operations and institutional equities.
Written by Shivani Singh
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