Penny stock under Rs 100 hit 20% upper circuit with heavy volume as Board is likely to announce stock split on July 24

On Tuesday, shares of Kesar Enterprises Ltd hit a 20 per cent upper circuit Rs 94.36 per share from its previous closing of Rs 78.64 per share. The stock has a 52-week high of Rs 187 per share and a 52-week low of Rs 61 per share. The shares of the company saw a spurt in volume by more than 32.33 times on the BSE.

Kesar Enterprises Ltd informed that a Meeting of the Board of Directors of the company will be held on Thursday, July 24, 2025, inter alia, to consider an increase in authorised capital, stock split, re-classification of authorised share capital and consequential alteration in the capital clause of the memorandum of association.

Kesar Enterprises Ltd, an entity incorporated in 1933 and part of the Kilachand Group, is a diversified company with operations spanning sugar production, spirit and ethanol manufacturing, and bagasse-based power generation. The company has a significant presence in the renewable energy sector, having entered into a 20-year Power Purchase Agreement with the Uttar Pradesh Power Corporation for the sale of electricity. Beyond its core sugar and power businesses, Kesar Enterprises Ltd also operates in the agro-product segment, producing open-pollinated and hybrid seeds under the "Kesar seeds" brand, supported by an in-house research division located in Hyderabad.

The company has a market cap of over Rs 95 crore. In Q4FY25 results, the company reported net sales of Rs 63 crore and net loss of Rs 16 crore while in its FY25 results, the company reported net sales of Rs 334 crore and net loss of Rs 73 crore. The stock has given 54.7 per cent returns from its 52-week low of Rs 61 per share.

Disclaimer: The article is for informational purposes only and not investment advice.