Multibagger stock gains 1900% in 3 years, records date fix for 1:3 bonus shares

The company said in a stock exchange filing that “We are pleased to inform that a meeting of the Board of Directors of the Company is scheduled to be held on Thursday, December 22, 2022, to consider and approve the allotment of 23,22,950 Bonus Equity.” Shares of Rs.10/- each amounting to Rs.2,32,29,500/- to existing shareholders in the ratio of 1 (one) new fully paid-up Equity Share of face value of Rs.10/- (Ten ) for each existing fully paid-up Equity Share of face value of Rs.3 (three) 10/- (Rupees ten) each held by them as on the record date i.e. Tuesday, the 20th December, 2022. You are requested to kindly Take the above information on record for reference and oblige.

Shares of Sarthak Industries Limited closed today down 3.89% from the previous close of 163.25 169.85 on BSE. The stock recorded a total volume of 22,850 shares as compared to 20-day average volume of 19,836 shares. share price climbed 5.95 on March 1, 2018, at today’s market price, representing a multibagger return of 2,683.19% over the last five years. share price exceeded 7.94 as on December 23, 2019, at the current market price during the last three years, resulting in a multibagger return of 1,985.64%.

The stock has gained 65% over the last year, and on a year-to-date basis, is set to gain 52.35% so far in 2022. The stock has posted multibagger returns of 193.10% during last six months but a fall of 16.22% over the last month. The stock touched a 52-week high 216.05 (14/11/2022) and at 52-week low 46.10 at (10/08/2022), indicating that the stock is trading 24.43% down from 1-year high and 254.12% up from 1-year low at the current market price. For the quarter ending September 2022 or Q2FY23, the company reported promoter shareholding of 36.27% and public shareholding of 63.73%.