Multibagger stock rises 4,961% in 5 years, board recommends stock split

The Company in a regulatory filing today said that its Board of Directors has recommended a proposal for “split/sub-division of the face value of one (1) equity share of the Company. Ten (10) of the face value of Rs.10/- i) equity shares each. 1/- each, subject to the approval of the shareholders in the ensuing Annual General Meeting and other approvals as may be necessary.”

Details of sub-division/split of shares as per data available on BSE Sammit Infra

1. split ratio: One (1) equity share of Rs. 10/- each to be sub-divided into ten (10) equity shares of face value of Rs. 1 to each.

2. Authorized Share Capital: Pre-Partition (K 1,60,00,000 Equity Shares) 10/- each amount 16 crores). After Split (Equity Shares of 16,00,00,000) 1/- each amount 16 crores).

3. paid up capital: Pre-Partition (Equity Shares of 1,58,00,750 .) 10 each amount 15,80,07,500). After Split (Equity Shares of 15,80,07,500 .) 1/- each amount 15,80,07,500).

4. Subscribed Share Capital: Pre-Partition (Equity Shares of 1,58,00,750 .) 10 each amount 15,80,07,500). After Split (Equity Shares of 15,80,07,500 .) 1/- each amount 15,80,07,500).

closed on stock 422.60 each, up 0.19% from previous close 421.80. In the past 1 year, the stock has increased from 147.45 till 29 July 2021. to the current level of 422.60 which logs a multibagger return of 186.61% and the stock has gained 41.29% so far in 2022 on a YTD basis. Over the past 5 years, the stock price has risen by 8.35 at the current market price as of 29 November 2017, indicating a multibagger return of 4,961.08% over that period.

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