Stock Split News: Cotton business company Mohite Industries has announced its second quarter results. The company said in an exchange filing that the net profit of Mohite Industries increased by 46.20% to Rs 2.69 crore as against Rs 1.84 crore during the previous quarter ended September 2023.

If we look at the company's sales figures, it has increased by about 94 percent. The company's sales have increased to 47.49 percent in the second quarter. Announcement of stock split Along with the quarterly results, the company has given many important information to the exchange. The company told the exchange that the board has approved many major decisions. The company has announced a stock split. According to the filing, one share with a face value of Rs 10 will be divided into 10 shares with a face value of Rs 1 each. Shares rise The share price of microcap textile company Mohite Industries saw a jump. It reached a 52-week high on October 30, 2024. On October 30, the stock touched a new high of Rs 148.29, which was 4.56% better than the sector. The stock closed with a decline on Thursday, the last trading day of last week. On Thursday, the stock closed down 4.98% at Rs 93.50, a decline of 4.90 points.