52-Week High Alert: Medical Equipment & Supplies Company Likely to Announce Stock Split on July 28
DSIJ Intelligence-1 / 24 Jul 2025/ Categories: Bonus and Spilt Shares, Trending
The company has a market cap of over Rs 6,300 crore and the stock is up over 70 per cent from its 52-week low of Rs 573.60 per share.
Fischer Medical Ventures Ltd (FMV) informed that a meeting of the Board of Directors of the Company is scheduled to be held on Monday, July 28, 2025, through video conferencing, inter alia, to consider and to consider and approve the sub-division / stock split of existing equity shares of the Company pursuant to the provisions of Section 61 of the Companies Act, 2013 and to transact any other matter as may be specified in the agenda.
About the Company
Fischer Medical Ventures Ltd (FMV), incorporated in 1993 as Fischer Chemic Ltd, has undergone a significant transformation from its initial business of trading chemicals and machinery. While historically a recurring loss-making entity with eroded net worth, the company has strategically diversified its operations, particularly in the medical equipment sector. Now specialising in the development and trading of cutting-edge medical diagnostic and imaging technologies, including MRI systems and portable AI-enabled X-ray machines, FMV is headquartered in Chennai with a manufacturing facility in the Andhra Pradesh MedTech Zone (AMTZ).
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On Thursday, shares of Fischer Medical Ventures Ltd gained 0.60 per cent and made a fresh 52-week high of Rs 980 per share from its previous closing of Rs 974.10 per share. The company has a market cap of over Rs 6,300 crore and the stock is up over 70 per cent from its 52-week low of Rs 573.60 per share.
Disclaimer: The article is for informational purposes only and not investment advice.