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India.com
22-04-2025
- Business
- India.com
Stock market update: MURAE organisor board to consider Stock Split on This date; check details
MURAE Organisor Ltd has announced the consideration of a pivotal corporate decision that signals its ongoing commitment to shareholder value creation. The company's board will meet on April 24, 2025, to consider a stock split. 'To consider and approve the proposal to Sub- Division /Split of the Equity Shares of the Company in such manner as may be determined by the Board of Directors and subject to approval of the Shareholders and such authorities as may be required under Section 61 of the Companies Act, 2013. and Sebi Regulations 2015,' said the company in an filing. The recently reported Q3FY25 financial results reinforce MURAE's strong growth trajectory, with the company. The company reported a 384.3% quarter-on-quarter increase in revenue, with total revenue from operations rising to ₹281.04 crore in Q3 FY25, compared to ₹58.00 crore in the previous quarter. This substantial increase in revenue indicates strong market demand, successful execution of new orders, and an expanding distribution network. The company's profitability has also seen an impressive boost, with net profit surging 344.3% to ₹4.01 crore, compared to ₹0.90 crore in Q2 FY24. This significant rise in profitability reflects MURAE Organisor's ability to efficiently manage costs while scaling up operations. The company's profit before tax (PBT) jumped to ₹5.26 crore, marking an increase of 368.5% from ₹1.12 crore in the previous quarter. Earnings per share (EPS) also recorded a fivefold increase, climbing from ₹0.01 to ₹0.06. Meanwhile, equity benchmark indices Sensex and Nifty climbed in early trade on Tuesday as investors' sentiment remained buoyant amid continuous foreign fund inflows and buying in blue-chip bank stocks. The 30-share BSE benchmark Sensex climbed 319.89 points to 79,728.39 in early trade. The NSE Nifty went up by 76.1 points to 24,201.65. From the Sensex firms, Eternal, Tata Steel, Kotak Mahindra Bank, HDFC Bank, Tech Mahindra and Mahindra & Mahindra were among the biggest gainers. IndusInd Bank, Infosys, Power Grid and Asian Paints were among the laggards. Foreign Institutional Investors (FIIs) bought equities worth Rs 1,970.17 crore on Monday, according to exchange data. In Asian markets, South Korea's Kospi index and Shanghai SSE Composite traded higher while Tokyo's Nikkei 225 and Hong Kong's Hang Seng quoted lower. US markets ended significantly lower on Monday. Nasdaq Composite dropped 2.55 per cent, Dow Jones Industrial Average tanked 2.48 per cent and S&P 500 slumped 2.36 per cent.
Mint
22-04-2025
- Business
- Mint
Small-cap penny stock below ₹5 hits upper circuit after announcement of stock split move
Small-cap penny stock Murae Organisor hit 5% upper circuit limit as the board is expected to declare a stock split. The company has revealed that it will deliberate on a significant corporate decision that reflects its continuous dedication to enhancing shareholder value. The board of the company will convene on April 24, 2025, to discuss the possibility of a stock split. 'To consider and approve the proposal to Sub- Division /Split of the Equity Shares of the Company in such manner as may be determined by the Board of Directors and subject to approval of the Shareholders and such authorities as may be required under Section 61 of the Companies Act, 2013. and Sebi Regulations 2015,' said the company in an filing. According to data from Trendlyne, Murae Organisor has executed a share split once since December 16, 2021. The company last reduced the face value of its shares from ₹ 10 to ₹ 2 in 2021. The share has been trading on an ex-split basis since December 16, 2021. Murae Organisor is dedicated to fostering innovation and excellence in various sectors, such as agriculture, cattle feed, fertilizers, chemicals, and gold. With a strong emphasis on quality and sustainability, the Company strives to provide effective solutions that promote industry advancement and meet changing requirements. The firm recorded a remarkable 384.3% increase in revenue from the previous quarter, with total operational revenue rising to ₹ 281.04 crore in Q3 FY25, up from ₹ 58.00 crore in the prior quarter. This significant revenue growth reflects strong market demand, effective execution of new contracts, and a growing distribution network. The company's profitability has also experienced a notable rise, with net profit climbing 344.3% to ₹ 4.01 crore, in contrast to ₹ 0.90 crore in Q2 FY24. Murae Organisor share price reached its upper circuit on both April 17 and April 16. During the trading session yesterday, the volume of Murae Organisor's shares surged by over 1.09 times. Murae Organisor share price today opened at an intraday low of ₹ 1.43 apiece on the BSE, the stock touched an intraday high of ₹ 1.44 per share.
Mint
22-04-2025
- Business
- Mint
Small-cap penny stock below ₹5 hits upper circuit after announcement of stock split move
Small-cap penny stock Murae Organisor hit 5% upper circuit limit as the board is expected to declare a stock split. The company has revealed that it will deliberate on a significant corporate decision that reflects its continuous dedication to enhancing shareholder value. The board of the company will convene on April 24, 2025, to discuss the possibility of a stock split. 'To consider and approve the proposal to Sub- Division /Split of the Equity Shares of the Company in such manner as may be determined by the Board of Directors and subject to approval of the Shareholders and such authorities as may be required under Section 61 of the Companies Act, 2013. and Sebi Regulations 2015,' said the company in an filing. According to data from Trendlyne, Murae Organisor has executed a share split once since December 16, 2021. The company last reduced the face value of its shares from ₹ 10 to ₹ 2 in 2021. The share has been trading on an ex-split basis since December 16, 2021. First Published: 22 Apr 2025, 12:54 PM IST
