Amitabh Bachchan’s portfolio multibagger stock: Board announces bonus shares for the first time ever!
The stock is up by 60 per cent in just 1 year and gave multibagger returns of over 1,100 per cent in 3 years.
The benchmark indices ended the trading session in green, the BSE Sensex Index up 1 per cent at a level of 66,000 and the NSE Nifty-50 Index up 1 per cent at a level of 19,000.
Along with the market in green, this multibagger wires manufacturing company is trending. Here are the details:
bonus Update: The Board of Directors of the company has approved bonus shares in the ratio of 1:7 i.e., 1 equity share of nominal value Rs 10 each for every 7 equity shares of nominal value of Rs 10 each as of record date.
Buzzing Update: Amitabh Bachchan is a famous Indian actor and also invests in businesses owns 2,81,112 shares or 2.07 per cent stake in the company as of June 2023.
Financials: The company has a market cap of Rs 900 crore and has delivered good profit growth of 33.1 per cent CAGR over the last 5 years. The company reported excellent numbers in its Quarterly Results and annual results. The shares of the company have an ROE of 24 per cent and an ROCE of 32 per cent. The stock is up by 60 per cent in just 1 year and gave multibagger returns of over 1,100 per cent in 3 years.
On Wednesday, shares of the company gained 0.62 per cent to Rs 658.65 per share from its previous closing of Rs 654.60 per share with an intraday high of Rs 669.05 and an intraday low of Rs 656.20.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, do download the service details here.
The stock name that created the excitement is none other than D P WIRES LIMITED.
D P Wires Ltd is engaged in the manufacturing of steel wires, plastic products, laying of plastic films, acting as a commission agent and generation of power through windmills.
DO you own this stock in your portfolio? Do let us know in the comments below
Disclaimer: The article is for informational purposes only and not investment advice.