with a market valuation of 151.96 Cr., Alstone Textiles (India) Limited is a small-cap company that operates in the consumer discretionary industry. The company deals in textiles such as cotton, wool, art silk, natural silk, ready-to-wear apparel, hosiery, synthetic fibers and fabrics and mixed fabrics. The company’s board of directors will meet on November 10, 2022, to discuss and approve the stock split and bonus shares.
The company in a stock exchange filing said that “In accordance with the provisions of Regulation 29 of SEBI ((Listing Obligations and Disclosure Requirements) Regulations 2015, we would like to inform you that a meeting of the Board of Directors of the company is scheduled to consider the following proposals.” The Company’s Registered Office R815 New Rajinder Nagar New Delhi North East DL 110060 will be held on Thursday, November 10, 2022 at 3:00 PM for: 1. Approval for sub-division of Equity Shares of Rs.10/- per share Face value per share Rs.1/- per share 2. Approval for increase in authorized share capital of the company and change in capital clause of Memorandum of Association of the company 3. Declaration of bonus issue of equity shares.”
Today Alstone Textiles (India) shares closed on 119.20 after a piece touches the 4.98% upper circuit limit. The volume of shares traded on Thursday stood at 25,213, as opposed to the 20-day average volume of 54,804 shares. The stock has given a multibagger return of 587.03% in the last five years and a multibagger return of 694% during the last three years. The stock has so far generated a multibagger return on a YTD basis of 656.83% in 2022.
In the last 1 month, the stock has given a multibagger return of 163.13% and in the last 5 trading sessions the stock has gained 21.51%. The stock had touched a 52-week low At 15.00 (24/08/2022), the stock was seen trading above the low of 694.66% at today’s close after touching a new 52-week high, indicating that today’s close. The corporation reported promoter stake of 10.91% and public stake of 89.09% for the quarter ended June 2022.
catch all business News, market news, today’s fresh news events and breaking news Updates on Live Mint. download mint news app To get daily market updates.