OK Play India share: Today, on January 9, a spectacular rise of about 5 percent was seen in the shares of OK Play India Limited. This stock closed at Rs 18.36 on BSE with a gain of 4.85 percent. Actually, the meeting of the board of directors of the company is going to be held on January 14, in which the decision on the proposal to raise funds will be taken. Amidst this news, heavy buying was seen in the company’s shares. With today’s rise, the market cap of the company increased to Rs 554.99 crore. The stock’s 52-week high is Rs 21.50 and 52-week low is Rs 10.62.
OK Play India can take this decision in the meeting
The board of directors of OK Play India is scheduled to meet on Tuesday, January 14, to consider and approve the proposal to raise funds through the issue of one or more instruments. This includes equity shares, convertible or non-convertible securities (any type of securities), or warrants. This fund raising process can be done through preferential issue, private placement or any other method/combination.
OK Play India’s business expansion plan
OK Play India recently announced the successful completion of its expansion program. This expansion included the addition of supporting equipment and molds as well as new blow and injection molding at its manufacturing facility in Haryana.
The company anticipates that this capacity expansion will increase production capacity for toys, playground equipment and children’s furniture. This will increase production by more than 300%. This increased capacity will help OK Play India effectively meet the growing market demand and increase operational efficiency.
OK Play India had reported consolidated total income of Rs 37.94 crore in Q2FY25. This is a decline of 4.69 percent on an annual basis. Its operating profit stood at Rs 4.58 crore, while operating margin stood at 12.07 per cent (0.94 per cent increase).
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