BSE Small cap stock up over 120% in 1 year, record date fixed for stock split

Vipul Das
The shares of Shreeji Translogistics Ltd closed today on the BSE at  ₹430.85 apiece level, up by 3.14% from the previous close of  ₹417.75. (REUTERS)Premium
The shares of Shreeji Translogistics Ltd closed today on the BSE at 430.85 apiece level, up by 3.14% from the previous close of 417.75. (REUTERS)

Shreeji Translogistics Ltd is a small-cap company listed on BSE having a market cap of 451.64 Cr and the company deals in the logistics sector. The company is one of India's major integrators of national logistics solutions. In terms of freight management, logistical solutions, and warehouse services, the organisation has more than 40 years of expertise. For the purpose of stock split, the Board of Directors today has announced record date in order to determine the eligibility of the shareholders for the said corporate action.

The Board of Directors has said today in a stock exchange filing that “the Company has fixed Wednesday, 15th February 2023 as the record date for the purpose of determining eligible shareholders for sub-division (split) of each equity share of face value of 10 each into 5 equity shares of face value of 2 each fully paid up, approved by the shareholders."

The Board of Directors of the company is scheduled to be held on Monday, 30th January 2023 to consider and approve financial results for the quarter and nine months ended 31st December 2022.

The shares of Shreeji Translogistics Ltd closed today on the BSE at 430.85 apiece level, up by 3.14% from the previous close of 417.75. The stock recorded a total volume of 2,615 shares. The stock got listed on the BSE on 13-10-2017 and since then it has risen 890.91%, setting a record high. The stock has produced a multibagger return of 709.66% over the past five years and a multibagger return of 772% during the past three years. It produced a multibagger return of 129.72% during the past year, and YTD, it has gained 4.43% in 2023. 

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It has climbed by 80.91% over the past six months and by 3.29% over the past month. The stock has appreciated 1.40% during the past five trading days. The stock had touched a 52-week-high of 509.10 on (14/11/2022) and a 52-week-low of 178.00 on (14/01/2022), indicating that at the current market price, the stock is trading 15.37% below the 1 year high and 142.05% above the 1 year low. For the quarter ended September 2022 or Q2FY23, the company posted a promoter shareholding of 72.70% and a public stake of 27.30%.

ABOUT THE AUTHOR

Vipul Das

Vipul Das is a Digital Business Content Producer at Livemint. He previously worked for Goodreturns.in (OneIndia News) and has over 5 years of expertise in the finance and business sector. Stocks, mutual funds, personal finance, tax, and banking are among his specialties, and he is a professional in industry research and business reporting. He received his bachelor's degree from Dr. CV Raman University and also have completed Diploma in Journalism and Mass Communication (DJMC).
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