52-week high alert; Board announced bonus shares; reports 167 per cent jump in net profit!

Shares of this company have gained more than 140 per cent in the last six months.

On Tuesday, shares of DDev Plastiks Industries Limited gained over 20 per cent hitting a fresh 52-week high, and the stock was locked in the upper circuit. In the last five trading sessions, the stock has gained about 16 per cent. While in the last six months, the stock has gained more than 140 per cent.

Recently, DDev Plastiks Industries Limited informed in the exchange filing that the company’s board has approved and recommended one fully paid-up equity share with a face value of Rs 1.00 for every ten (10) fully paid-up equity shares with a face value of Rs 1.00 held by the company’s members on the record date, which is June 30, 2023.

In Q4FY23, the company’s revenue stood at Rs 667.23 crore, showing a YoY growth of 7.24 per cent. The operating profit of the company stood at Rs 75.44, growing by 94.73 per cent YoY, while the company’s PAT grew by 167.53 per cent YoY, reaching Rs 48.29 crore.

DDev Plastiks Industries Limited is engaged in the manufacturing of Plastic Compounds. It mainly caters to cable and wire companies, packaging, footwear, pipes, automobiles, consumer durables, electrical appliances, electricals, and light fittings and electronics.

On Tuesday, the stock opened at Rs 164.40, with a high and low of Rs 190.25 and Rs 162.20. The stock has a 52-week high and low of Rs 190.25 and Rs 34.30, respectively on BSE.
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