700 per cent returns in this multibagger stock; Board announces stock split!

700 per cent returns in this multibagger stock; Board announces stock split!

Kiran Shroff

The stock gave multibagger returns of 216 per cent in just 1 year and over 700 per cent in 3 years.

Shree Oswal Seeds and Chemicals Limited announced that the Board of Directors of the company purposed sub-division/stock split existing equity shares of the company from 1 (one) equity share having a face value of Rs 10 (Rupees Ten only) each fully paid-up, into 5 (five) equity shares having a face value of Rs 2 (Rupees Two only) each fully paid-up as of record date. The company fixed the record date for the stock split as Friday, August 18, 2023.

Shree Oswal Seeds and Chemicals Limited is a producer, exporter and supplier of well-processed, de-husked and filtered seeds. The company has delivered good profit growth of 38.5 per cent CAGR over the last 5 years.

According to the financials, Shree Oswal Seeds and Chemicals Limited has a market cap of over Rs 500 crore with a 5-year stock price CAGR of 65 per cent. The company reported positive numbers in its Quarterly Results and annual results. The net sales increased by 13 per cent to Rs 272 crore and the net profit increased by 20 per cent to Rs 6 crore in FY23 over FY22.

On Monday, shares of Shree Oswal Seeds and Chemicals plunged 0.36 per cent to Rs 329.15 per share with an intraday high of Rs 334.25 and an intraday low of Rs 325.

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The stock gave multibagger returns of 216 per cent in just 1 year and over 700 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. 

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