Radhika Jeweltech : With a market value of $348.10 billion, Radhika Jeweltech Ltd. is a small-cap company that belongs to the consumer discretionary industry. The goal of Radhika Jewellers is to provide jewelry made of the purest gold and real diamonds. The company has announced a stock split for those stockholders who are eligible, and the record date will shortly be made public.
“The equity shares of the Company are listed and traded on the National Stock Exchange of India Limited and BSE Limited. In order to provide enhanced liquidity in the capital market through widening shareholder base and to make it more affordable for small investors having interest, able to invest in the Company’s equity shares, the Board of Directors of the Company in its meeting held on today i.e. March 23, 2023 considered and recommended that it is desirable to sub-divide/split of the existing equity shares of the Company, such that each equity share having face value of Rs. 10/- (Rupees Ten only) fully paid-up, be sub-divided into 5 (Five) equity shares having face value of Rs. 2/- (Rupee Two only) each, fully paid-up, ranking pari-passu with each other in all respects, with effect from such date as may be fixed by the Board as the Record Date (“Record Date”), subject to approval of shareholders of the Company and all concerned Statutory Authority(ies). The shareholders may please note that presently the nominal value of each equity share of the Company is Rs. 10/- (Rupees Ten Only) per share and consequent upon the sub-division, it is being divided into 5 (Five) equity shares of Rs. 2/- (Rupee Two Only) each,” said Radhika Jeweltech in a stock exchange filing.
During the quarter ended December 2022 the company recorded a net income of ₹95.50 Cr compared to ₹92.04 Cr reported during the quarter ended December 2021. The company’s net expenses stood at ₹80.46 Cr during Q3FY23 compared to ₹76.96 Cr reported during Q3FY22. Radhika Jeweltech said its EBIT stood at ₹15.04 Cr during Q3FY23 compared to ₹15.08 Cr reported during the same quarter of FY22 and its net profit reached ₹10.86 Cr during Q3FY23 compared to ₹11.27 Cr reported during the year-ago quarter. The EPS of Radhika Jeweltech stood at ₹4.60 during Q3FY23 compared to ₹4.78 during Q3FY22.
The shares of Radhika Jeweltech Ltd closed on Friday on the BSE at ₹147.50 apiece level, down by 3.02% from the previous close of ₹152.10. The stock recorded a total volume average of 4,047 shares and a deliverable volume average of 3,412 shares or 84.31%. The stock touched a 52-week-high of ₹290.60 on (25/01/2023) and a 52-week-low of ₹130.00 on (15/11/2022), indicating that at the current market price, the stock is trading 49.24% below the 1-year high and 13.46% above the 1 year low. During Q3FY23, the company recorded a promoter shareholding of 63.73% and a public stake of 36.27%.