Dont miss action in this multibagger stock as its likely to announce bonus shares!

Meanwhile, the last three years' performance will leave you spellbound as the stock has been an eight-bagger.   

The stock of Shivalik Bimetal Controls Ltd jumped more than 4 per cent on a day when volatility was the hallmark as the benchmark indices were seen oscillating like a pendulum from negative to positive terrain and vice versa.   

The company is in the business of manufacturing & selling thermostatic bimetal/trimetal strips, components, spring rolled stainless steels, EB welded products with multigauge, cold bonded bimetal strips & parts, etc.  

The company has informed that a meeting of its board of directors will be held on August 29 (Monday) to consider a proposal for the issue of bonus shares to equity shareholders of the company in the ratio, as it may deem fit by way of capitalisation of reserves, subject to the approval of the shareholders.   

The stock has seen a sharp upsurge in the last one year as it delivered more than 250 per cent return and with this, it has been a multibagger ">Multi-bagger. Meanwhile, the last three years' performance will leave you spellbound as the stock has been an eight-bagger.   

The company has delivered good profit growth of 43.2 per cent CAGR over the last five years. In the recently concluded quarter, the stock reported sales of Rs 98 crore, up by 40 per cent YoY while its net profit shot up to Rs 17 crore in Q1FY23 as against Rs 11 crore in Q1FY22. The stock’s return on equity (RoE) stands at 32 per cent, which is quite impressive! 

Keep a close watch on this stock!