Latest News Smallcap textile company, Filatex Fashion which is trading below Rs 11 is planning a stock sub-division. So far 2024 has been bearish for the stock as it has dropped by 23% YTD. In the long term, the stock has rallied by 451% in 5 years, becoming a multi-bagger.
Filatex Fashions Share Price: On BSE, the stock price stood at Rs 10.80 apiece, with gains of 1.6% on June 13 with a market cap of Rs 1,800.
16 crore. The stock's 52-week high and low are at Rs 21.50 apiece and Rs 8.
52 apiece respectively. YTD, the stock is down by 22.8%, while in a year, the stock dipped by 15%.
Filatex Fashions Stock Split: In a board meeting scheduled on June 7, Filatex Fashions announced a stock sub-division in the ratio of 1:5. This means that existing 1 (one) Equity Share of the face value of Rs. 5/-each fully paid up into 5 (Five) Equity Shares of Re.
1/- each fully paid up. Filatex said that the Record Date for subdivision of equity shares will be intimated to the Exchanges subsequently, after the approval of the resolution for sub-division by the shareholders at EGM. The reason behind the stock split is to enhance the liquidity in the capital market and to widen the shareholder base.
The company plans to complete the stock split within 3 months from the date of shareholders' approval. Filatex Fashions Stock Fundamentals: As per Trendlyne data, the following are the fundamentals for the stock analysis of Filatex Fashions: - Annual Revenue rose 3.59%, in the last year to ₹173.
78 Cr.
