Double treat with 1:1 bonus share & 10:1 stock split: Heavy buying in this multibagger stock; hit non-stop 125 consecutive upper circuits – Record date inside!

The stock gave multibagger returns of 1,465 per cent in just 6 months and a whopping 4,400 per cent in 1 year.

On Friday, March 01, 2024, one of the Top Gainers on BSE, shares of Tine Agro Ltd was locked in a 2 per cent upper circuit to Rs 370 per share from its previous closing of Rs 355.65. The stock also made a fresh 52-week high of Rs 370 per share. The stock has been hitting non-stop 125 consecutive upper circuits & 52-week highs. 

Established in 1994, Tine Agro Ltd, formerly Kansal Fibres Limited, shifted its focus from textiles to agriculture and commodities in 2021. They now trade in agricultural products, develop agricultural and forest resources, cultivate various crops, and act as manufacturers, importers, exporters, wholesalers, retailers, and dealers of agricultural and other commodities.

The Board of Directors of the company have approved a stock split in the ratio 10:1 i.e., sub-division of 1 equity share of the face value of Rs 10 each fully paid-up into 10 equity shares of the face value of Rs 1 each fully paid-up and bonus shares in the ratio 1:1 i.e., 1 bonus equity shares of the face value of Rs 1 each fully paid up for every 1 existing equity shares of face value of Rs 1 each fully paid up. The company fixed the record date for bonus shares and stock split as Monday, March 18, 2024.

The company has a market cap of over Rs 900 crore. According to Quarterly Results, the net sales skyrocketed by 627 per cent to Rs 22.68 crore and net profit skyrocketed by 2,955 per cent to Rs 5.50 crore in Q3FY24 compared to Q2FY23.

The stock gave multibagger returns of 1,465 per cent in just 6 months and a whopping 4,400 per cent in 1 year. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.