1,389 per cent multibagger returns and promoters bought 3,40,000 shares; Board announced stock split – Record date inside!

The stock gave multibagger returns of 207 per cent from its 52-week low of Rs 74.30 per share and a whopping 1,389 per cent in 3 years.

United Van Der Horst Ltd.'s Board has proposed a stock split, dividing each existing Rs 10 equity share into two Rs 5 shares, subject to shareholder approval. This alteration in the company's capital aims to increase share liquidity and potentially make it more accessible to a wider range of investors. The Board fixed the record date for stock split as Tuesday, March 26, 2024.

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 177.90 crore and reported positive numbers in its Quarterly Results and annual results.

Today, shares of United Van Der Horst Ltd hit a 5 per cent upper circuit to Rs 288.25 per share from its previous closing of Rs 274.35. The stock’s 52-week high is Rs 312.55 and its 52-week low of Rs 74.30 per share.

The stock gave multibagger returns of 207 per cent from its 52-week low of Rs 74.30 per share and a whopping 1,389 per cent in 3 years. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.