142.4 Per Cent Returns From 52-Week Low: Board Likely To Announce Stock Split & Migration From SME to Main Board
The stock gave multibagger returns of 142.4 per cent from its 52-week low of Rs 982.10 per share.
Jeena Sikho Lifecare Limited informed that a meeting of the Board of Directors of the company is scheduled to be held on Monday, April 21, 2025, inter alia, to consider and approve the following:
- Sub-division/ split of existing equity shares having a face value of Rs 10 each and consequential amendment in the Memorandum of Association of the company.
- Migration of listed scrip (equity shares) of the company from Emerge (SME) Platform of National Stock Exchange of India Limited (NSE EMERGE) to the Main Board of National Stock Exchange of India Limited (NSE), as well as on the main board of BSE Ltd (BSE).
Jeena Sikho Lifecare has become a significant Ayurvedic healthcare provider in India with a decade of service, offering diverse products and actively engaging in public health through free checkups and yoga sessions to promote wellness. Their extensive network includes 119 clinics and hospitals, including specialized HIIMS and Shuddhi Panchakarma centers, enabling personalized treatments and distribution of over 300 products; a testament to their quality is the NABH accreditation of 17 facilities.
The company plans to establish a new 150-bed hospital in Raigad District, Maharashtra, on leased property in Village Karnala, Taluka Panvel, with operations commencing in July 2025. This strategic expansion, requiring an estimated Rs 6 crore investment from internal funds, aims to broaden their healthcare network and extend quality medical services to a wider population in the region.
The shares of the company have an ROE of 43 per cent and an ROCE of 58 per cent. The stock gave multibagger returns of 142.4 per cent from its 52-week low of Rs 982.10 per share. Investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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