π Stock Split: A Profitable End to the Year in the Stock Market!
π On the last trading day of 2023, the stock market witnessed a surge in profits. Despite this, some penny stocks were heavily purchased by investors. One such stock is HMA Agro Industries Limited, which saw a gain of more than 10% on Friday.
π° The stock opened at Rs. 76 per share on Friday and reached a high of Rs. 84 during the trading session. This marks a 52-week high for the stock, with a 52-week low of Rs. 56.48. On July 13th, the stock reached its all-time high.
π HMA Agro Industries Limited had previously announced a stock split, with the record date set for December 29th. The company’s board approved an equity stock split in a ratio of 1:10 on November 8th. This means that one share will be divided into ten pieces. As a result of the stock split, the value of the shares decreased to less than Rs. 100.
πΈ The company had its IPO in June 2023, with a total size of Rs. 480 crore. The IPO price band was set at Rs. 555-585 per share. The IPO consisted of new shares worth Rs. 150 crore and offer for sale shares worth Rs. 330 crore. The listing crossed the mark of Rs. 600.
π HMA Agro Industries Limited is a renowned exporter of beef. The company has a stake of more than 10% in India’s total beef exports. Under the brand names “Black Gold,” “Kamil,” and “HMA,” the company packages and exports beef to over 40 countries.
π With an exciting stock split and a promising business in the beef export industry, HMA Agro Industries Limited seems to be on a successful path. Investors and traders are eagerly watching the stock’s performance in the market.
Let’s unlock the potential of HMA Agro Industries Limited and see how it grows in the coming years! πͺππ
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
