Best Agrolife, a small-cap stock, jumped more than 14% on Thursday, November 27, extending its sharp rally after the company announced that its board would review proposals for a stock split and a bonus issue. The stock had already surged 20% in the previous session, pushing its two-day gains to over 35%. The board is scheduled to meet on December 3 to consider these corporate actions, which—if cleared—would mark the company’s first such move since listing.
In its exchange filing, Best Agrolife said the December 3 meeting will evaluate the sub-division of shares and the issuance of bonus equity shares, subject to shareholder approval.
Earlier this month, the company reported its Q2 FY26 results, posting a steep decline in performance. Revenue fell 30.8% year-on-year to ₹517 crore from ₹747 crore, while profit after tax tumbled 59% to ₹39 crore. EBITDA margin also dropped 470 basis points to 15%, hurt by erratic rainfall and lower placements.
Despite weak earnings, the stock has gained 17% over six months, though it remains 36% lower year-on-year. On Thursday, it touched ₹413, compared with its 52-week range of ₹670 to ₹244.55.
