Penny stock up 89% from 52-week low, board to consider stock split soon

 

• With a market valuation of ₹23.50 Crore, Vivanta Industries Limited is a Small Cap business that operates in the Industrial industry.

With a market valuation of ₹23.50 Crore, Vivanta Industries Limited is a Small-cap business that operates in the Industrial industry. For more than ten years, Vivanta has been a pioneer in the field of turnkey projects. The company offers its installation and contracting expertise to set up Pharmaceutical Manufacturing Plants/WHO/EU (GMP), Nutraceutical and Ayurvedic Manufacturing Plants/WHO/FDA (USA/EU (GMP), Medical Device Manufacturing Plants, Research and Development Laboratories setup, agro-based fertilizer projects, surgical projects and prefabricated housing offices.

The company said in a stock exchange filing that "Notice is given pursuant to Regulation 29 and Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 that a meeting of the Board of Directors of the Company is to be held. To consider and Will be held at the Registered Office of the Company on Wednesday, January 18, 2023 to approve: 1. Un-audited Standalone and Consolidated Financial Results along with Limited Review Report of the Company for the Quarter and Nine Months ended December 31, 2022; 2 .Proposal for sub-division of Equity Shares of the Company having a face value of Rs.10/- each in such manner as may be prescribed by the Board of Directors."


Shares of Vivanta Industries Limited today closed at ₹23.00 level on BSE, which is 2.13% lower than previous closing price of ₹23.50. The stock recorded a total volume of 98,024 shares. The stock has lost 13.28% in the last five years, and in the last three years, it has climbed from ₹3.74 on Jan 6, 2020 to the current market price, resulting in multibagger returns of 558.16%. The stock has fallen 47.78% in last 1 year and gained 15.48% on YTD basis since Monday Jan 2, 2023. The share had touched a 52-week high of ₹54.45 on (13/01/2022) and a 52-week low of ₹12.16 on (05/07/2022), indicating that the current market On price, the stock is trading 57.75% below 1-year high and 89.14% above 1-year low. For the quarter ended September or Q2FY23, the company posted promoter shareholding of 69.97% and public shareholding of 30.03%.