Small cap steel company approves stock split; check record date here
1 year, 11 months ago

Small cap steel company approves stock split; check record date here

India TV News  

Steel pipes maker Hi-Tech Pipes has announced that the board has approved the sub-division/split of existing equity shares. The current market price of each share of Hi-Tech Pipes is Rs 910.60 on NSE, as per Friday's closing. "The Board of Directors of Hi-Tech Pipes Ltd in its meeting held on Saturday, January 28, has considered and approved the sub-division/split of existing equity share of the Company from one equity share having face value of Rs 10 each, fully paid-up into Ten equity shares having face value of Rs 1 each fully paid-up," Hi-Tech Pipes said in the filing. In another related development, Hi-Tech Pipes it the third quarter reported over 28 per cent jump in its consolidated net profit to Rs 13.02 crore.

Share Crore Split Pipes Face Value Small Cap Each Share  date  small  cap  split  face  check  value  stock  crore  equity  company  pipes  rs  share  hitech  record  steel  approves  shares

History of this topic

1100% rally in 5 years! Multibagger small-cap stock jumps after Fitch rating upgrade
4 weeks, 2 days ago

1100% rally in 5 years! Multibagger small-cap stock jumps after Fitch rating upgrade

Live Mint  

Multibagger Small-cap Stock: Shares of Hi-Tech Pipes Ltd., a prominent player in India’s steel tube and pipe industry, gained nearly 5 per cent on Monday, December 16 as India Ratings & Research, a Fitch Group company, upgraded the firm's credit ratings. Hi-Tech Pipes share price history Hi-Tech Pipes share price gained 4.47 per cent to ₹171.75 in intra-day trade. Hi-Tech …

1:10 stock split effect: Multibagger SME stock turns ₹1.50 lakh of IPO allottees into ₹51 lakh in 9 years
1 month, 2 weeks ago

1:10 stock split effect: Multibagger SME stock turns ₹1.50 lakh of IPO allottees into ₹51 lakh in 9 years

Live Mint  

SME stock Hi-Tech Pipes have given exceptional to its investors in the long term. Stock Split and IPO details Hi-Tech Pipes announced a stock split in January 2023, reducing the face value of each share from ₹10 to ₹1, effectively splitting one share into ten. Earnings Performance Hi-Tech Pipes reported a consolidated net profit of ₹18.11 crore in the September …

Stock split 2023: Sudev Industries shares to trade ex-split today in 1:2 ratio
1 year, 1 month ago

Stock split 2023: Sudev Industries shares to trade ex-split today in 1:2 ratio

Live Mint  

Stock split 2023: Shares of Sudev Industries Ltd will be in focus when the stock market opens on Monday. The board of directors of Sudev Industries Ltd has declared stock split in the ratio of 1:2 – from Rs10 per equity share to two ₹5 per equity share -- for its eligible shareholders. “Pursuant to Regulation 42 of the SEBI …

Amid buoyancy in realty sector, small cap civil engineering stock to consider split
1 year, 4 months ago

Amid buoyancy in realty sector, small cap civil engineering stock to consider split

India TV News  

Stock Split: Civil works and engineering services provider Atal Realtech has announced that it could soon approve the sub-division of the face value of its equity shares, or split. In a split, the face value of equity shares is subdivided, and as a result, the total number of outstanding shares increases. According to an exchange filing by the company, pursuant …

Stock market: Small cap metal stock posts robust earnings in Q1 as steel demand bounces back
1 year, 5 months ago

Stock market: Small cap metal stock posts robust earnings in Q1 as steel demand bounces back

India TV News  

The steel industry is bouncing back with falling input costs and firm demand in the domestic market in the backdrop of rise in economic activities. Tapping the rising market demand, leading pipe manufacturer and supplier Hi-Tech Pipes announced that it has posted a whopping 80 per cent jump in its consolidated net profit on YoY basis in the first quarter …

Hi-Tech Pipes net profit up 40% in March quarter, dividend declared
1 year, 7 months ago

Hi-Tech Pipes net profit up 40% in March quarter, dividend declared

India TV News  

Hi-Tech Pipes, a leading pipe manufacturer and supplier, has reported a jump of around 40 percent year-on-year in net profit at Rs 15.84 crore in the fourth quarter. Total company clocked a total expense of Rs 681 crore as against Rs 579 crore reported in the last quarter of FY22. For the entire financial year, Hi-Tech Pipes' net profit stood …

This multibagger metal stock with 72% return to turn ex-split this week; check ratio
1 year, 9 months ago

This multibagger metal stock with 72% return to turn ex-split this week; check ratio

India TV News  

Shares of steel pipes manufacturer Hi-Tech Pipes will turn ex-split on Friday, March 17. The company has announced to split its shares in the ratio of 10-for-1, meaning each share having a face value of Rs 10 will be sub-divided into 10 shares. 2023 with respect to Sub-Division of One Equity Share of face value of Rs. "This is to …

Metal stock is up 120% from 52-week-low, record date fixed for stock split
1 year, 10 months ago

Metal stock is up 120% from 52-week-low, record date fixed for stock split

Live Mint  

With a market valuation of ₹1,124 Cr, Hi-Tech Pipes Ltd. is a small-cap company with operations in the metal industry. Please be informed that the shares with reduced face value will take effect in the new ISIN.” Hi-Tech Pipes said its consolidated net profit for the December 2022 quarter rose by almost 28% to Rs. Also, the company paid a …

Boost to Aatmanirbhar Bharat: Hi-Tech Pipes to invest Rs 510 crore to set up manufacturing unit in UP
2 years ago

Boost to Aatmanirbhar Bharat: Hi-Tech Pipes to invest Rs 510 crore to set up manufacturing unit in UP

India TV News  

In line with the vision of Prime Minister Narendra Modi's Aatmanirbhar Bharat, Hi-Tech Pipes has announced to invest Rs 510 crore in Uttar Pradesh to set up a manufacturing facility. The company said that it has signed a memorandum of understanding with the Uttar Pradesh government to set up a mega manufacturing facility of steel tubes and pipes and flat …

Small-cap stock to turn ex-split next week. 5 things you should know
2 years, 6 months ago

Small-cap stock to turn ex-split next week. 5 things you should know

Live Mint  

Dividend paying small-cap company Salasar Techno Engineering Limited is going to turn ex-split stock next week. The company board has already recommended stock split in 10:1 ratio after which its existing face value will change from ₹10 per equity share to Re 1 per equity share. 42 of the Listing Regulations and relevant provisions of the Companies Act, 2013 and …

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