3000 Per Cent Multibagger Returns in Just 2 Years: Board Likely To Announce Stock Split & Rights Issue
The stock has given multibagger returns of 677 per cent from its 52-week low of Rs 15.67 per share and a whopping 3,000 per cent in 2 years.
Vuenow Infratech Limited informed that a meeting of the Board of Directors of the company is scheduled to be held on Friday, April 25, 2025, inter alia, to transact the following businesses:
- To consider the stock split of equity shares of the company and consequent amendment to the capital clause of the memorandum of association of the company, subject to approval of the shareholders and other necessary approvals, to give effect to the said changes.
- Proposal to issue equity shares on a rights issue basis to existing shareholders of the company.
- To consider and increase the authorised share capital of the company, if any up to the amount as may be determined and approved by the board and consequent amendment to the capital clause of the memorandum of association of the company, subject to approval of the shareholders and other necessary approvals, to give effect the said changes
- To consider and discuss any other items as may be decided by the board of directors of the company
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VueNow Infratech Ltd (VIL) operates as an IT Infrastructure as a Service (ITaaS) provider, focusing on the design, construction, and operation of cloud-enabled Edge Data Centres. The company offers co-location and network management services, positioning itself as a comprehensive solution for businesses seeking data warehousing and broader IT services through its data centre infrastructure, effectively addressing their diverse data management and computing needs.
The company has a market cap of Rs 283 crore and has delivered good profit growth of 108 per cent CAGR over the last 5 years. The shares of the company have an ROE of 124 per cent and an ROCE of 95 per cent. The stock has given multibagger returns of 677 per cent from its 52-week low of Rs 15.67 per share and a whopping 3,000 per cent in 2 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.