Ajmera Realty & Infra, backed by ace investor Mukul Agrawal, announced a 1:5 stock split after delivering 336% returns in three years. The multibagger’s Q2 profit fell 14% YoY to Rs 30 crore, while revenue rose 10% amid steady long-term growth.
Astral shares drop 6% after demerger. What should investors do?
Astral shares fell nearly 6% on Monday after the company’s board approved the demerger of its chemicals business into a newly incorporated entity, Astral Chemie.