10,000 per cent multibagger returns and promoters bought 3,40,000 shares; Board likely to announce stock split!
The stock gave multibagger returns of 170 per cent in 1 year, 1,000 per cent in 3 years and a whopping 10,850 per cent in a decade.
United Van Der Horst Ltd informed that a meeting of the Board of the company is scheduled to be held on Thursday, January 25, 2024, to consider the following transactions:
1) To consider, discuss and approve the proposal for sub-division/ stock split of the equity shares of the company having a face value of Rs 10 each fully paid up in such manner as may be determined by the Board of Directors and subject to the approval of the shareholders and such authorities as may be required.
United Van Der Horst, established in 1989, is a joint venture between UB Group (India) and Dr Van Der Horst B.V. (Holland) specialising in reconditioning and manufacturing services for core sectors. They harness patented chrome plating, specialised welding, and various machining techniques to offer reconditioning, re-standardizing, reverse engineering, and manufacturing services to industries like marine, oil, power, petrochemicals, and mining. Their impressive clientele includes giants like Mumbai Port Trust, Oil India, Reliance Industries, and Indian Railways.
In December 2023, promoters bought 3,40,000 shares via conversion of warrants and now promoters own 72.07 per cent stake in the company compared to 70.44 per cent in September 2023. The company has a market cap of Rs 136 crore and reported positive numbers in its Quarterly Results and annual results.
United Van Der Horst Ltd.'s shares held steady at Rs 231 on Saturday, despite reaching an intraday high of Rs 238.90 and a low of Rs 227.25. The stock continues to trade within a range of Rs 66 to Rs 257.90 over the past year. The stock gave multibagger returns of 170 per cent in 1 year, 1,000 per cent in 3 years and a whopping 10,850 per cent in a decade.
Disclaimer: The article is for informational purposes only and not investment advice.
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