Multibagger stock to consider sub-division soon - Check details

The board of directors of Ok Play India, one of the largest manufacturers of plastic moulded toys, is set to consider the proposal for a stock split soon. According to an exchange filing, the meeting in this regard is scheduled for January 30.

"A meeting of the Board of Directors of the Company is being convened on Tuesday, the 30th day of January, 2024...Sub-division/ split of existing equity shares of face value of Rs. 10/- each, fully paid-up, by alteration of Capital Clause of the Memorandum of Association of the Company," the company said in an exchange filing.

Meanwhile, One Point One Solutions reported a two-fold jump in net profit to Rs 5.93 crore in the September quarter, up by 209.92 per cent YoY from Rs 1.91 crore in the same quarter of FY23.

The company had reported a net income of Rs 41.01 crore during the quarter under review as against Rs 34.92 crore in the year-ago quarter, up 17.45 per cent. It also recorded EBITDA for the quarter at Rs 14.83 crore as compared with Rs 8.65 crore, up 71.49 per cent.

During the quarter company raised Rs 106.20 crore by issuing warrants.

OK Play India is one of the multibagger stocks that generated over 225 per cent return in the last one year. In the last two years, the counter has made investors wealthier by 415 per cent.