Krutika Wires Limited is a Small Cap company with a market valuation of 237 crore who works in metal industry. The company manufactures a wide variety of steel wire and galvanized wire for State Electricity Boards, Power Grid Corporation of India Limited and other companies. Krutika is one of India’s largest wire and one of its kind galvanizing facilities. The company’s state-of-the-art plant is located at Sankrail Industrial Park, Howrah, West Bengal. Krutika Wires Ltd shares today traded in the upper circuit limit of Rs. 133.85, up 4.98% from the previous close of Rs. 127.50 per piece. The stock was moving towards its upper circuit in the last five trading days. A total of 44,021 shares were traded today, which is higher than the 20-day average volume of 20,604.
Krutika Wires Stock Split Details
As per the data available on NSE, the company has announced a stock split which will reduce the face value per share from Rs. 10 to Rs. 2. The Corporation has fixed 30th August, 2022 as the record date and 29th August, 2022 as the earlier date for this purpose.
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share price climbed 70.20 at the current price level on May 6, 2022, which is a 5-year all-time high of 90.67%. share price climbed 58.05 as on May 4, 2022, during the previous year at the current market price, resulting in a multibagger return of 130.58%. The stock has so far given a multibagger return of 130.58% on YTD basis in 2022. The stock has maintained a multibagger return of 130.58% during the last six months, but has gained 33.18% in the past month.
The stock has gained 20.80% during the last five trading days. On NSE, the stock had touched 52-week low at 51.30 (27-May-2022), which indicates the current 52-week-high and at the upper circuit limit 133.85, the stock is trading up 160% from its 52-week low. In the current market, the stock is trading above the 5 day, 10 day, 20 day, 50 day, 100 day and 200 day Exponential Moving Average (EMA). The company has a promoter shareholding of 72.89%, which is higher than its peers such as Usha Martin, Rajratan Global, Maharashtra Seamless Limited, Apollo Tricot, Welspun Corp., Shyam Metallics and Ratnamani Metals.
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