Shares of OneSource Industries Venture Limited, a company operating in the diamond and gold jewelery sector, hit upper circuit today on January 16. This stock closed at Rs 13.61 on BSE with a gain of 4.93 percent. The company has recently announced its results. With today’s rise, the market cap of the company has increased to Rs 41.85 crore. The stock’s 52-week high is Rs 13.65 and 52-week low is Rs 5.31.
How were the company’s results?
OneSource Industries Venture recently released its Q3 FY25 results. The company has performed better on many fronts in the December quarter. The company reported net sales of Rs 47.31 crore in the six months ending December 2024, a year-on-year growth of 1000.23%. During the same period last year, the company had registered net sales of Rs 12.39 crore.
Additionally, the company reported a PAT of Rs 0.57 crore in the quarter, the highest in the last five quarters. The company’s Earning Per Share (EPS) also reached Rs 0.19.
The company has done stock split
OneSource Industries Venture had also announced a stock split in the ratio of 1:10. Under this, equity shares with face value of Rs 10 were divided into 10 shares of face value of Rs 1 each. The record date for this was 13 September 2024. A stock split is typically done by a company to increase its outstanding shares.
Usually, when the shares of a company become very expensive, small investors are not able to invest in those shares. In such a situation the company splits its shares. The company resorts to stock split to attract small investors and increase demand in the market.
stock performance
Shares of the microcap company have risen by more than 8 percent in the last three trading days. At the same time, it has given strong returns of more than 17 percent in the last one month. In the last 6 months, its investors have got a return of 58 percent. Not only this, it has made a profit of 81 percent in the last one year.
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