Multibagger Media Stock Announces Stock Split at 1:5 Ratio, 159% 1-Month Return
Colorchips New Media Declares Stock Split at 1:5 Ratio
The Colorchips Board of Directors in an exchange filing said: “We would like to inform that the Board of Directors, at its meeting held on Thursday, September 1, 2022, among other things, addressed the following matter: 1 The Board recommended the split / Subdivision of the shares of the Company from the nominal value of Rs.10/- each to the nominal value of Rs.2/- each, subject to the approval of the members of the Company during the 37″ annual general assembly. 2. In accordance with the above-mentioned stock split, if approved by the members of the company at the 37th annual general meeting, the board recommended to modify the capital clause, i.e. the clause V of the company’s memorandum of association.”
Colorchips New Media Stock Outlook
The current market price of the share is Rs 125 each. Shortly after the stock split announcement, the company’s shares jumped 4.98% on BSE.
Colorchips New Media 52 weeks high/low
The stock’s 52-week high is Rs 125.50 each and the 52-week low is Rs 21.10 each.
Colorchips New Media Market Cap
The market capitalization of the company is Rs 213.47 crore.
Return of new Colorchips media
The title gave a return of 206% in 5 years, 168% in 5 years, 221% in 3 months and 159% in 1 month.
Colorchips New Media Result
The company for the quarter ending June 30, 2022 reported consolidated total revenue of Rs 2.19 crore, up 59.59% from last quarter’s total revenue of Rs 1.37 crore, up 201 %. It reported a net profit after tax of Rs 1.08 crore last quarter.
Colorchips New Media About
Colorchips New Media Ltd is an integrated design solutions company. It is engaged in animation & web design up to the development of the identity and now takes the form of an Information Systems House. The company has the ability to meet all communication needs on all media. Its services include entertainment and computer services. Its head office is in Hyderabad.