High ROE and ROCE multibagger stock: Don’t miss action in this stock that has announced stock split!

The stock gave multibagger returns of 255.74 per cent in just 2 years whereas BSE Small-cap Index was up by only 27.11 per cent.

On Wednesday, shares of Tips Industries Ltd plummeted 0.03 per cent to Rs 1,575 with an intraday high of Rs 1,655 and an intraday low of Rs 1,561.20. The stock has an ROE of 63.15 per cent and a ROCE of 86.51 per cent.   

Tips Industries Ltd (BSE Script Code: 532375; NSE Script Code: TIPSINDLTD) informed that the company has announced a sub-division /split of every 1 equity share having a face value of Rs 10 each, fully paid up into 10 equity shares having a face value of Rs 1 each fully paid-up. The company verified the record date as Friday, April 21, 2023.   

Tips Industries Limited, incorporated in 1996, is engaged in the business of production and distribution of motion pictures and the acquisition and exploitation of music of rights. The company is also a leading producer of Punjabi films in the country. The shares of the company saw a spurt in volume by more than 3 times on BSE.  

Talking about the financials, Tips Industries has a market cap of over Rs 2000 crore. The company reported positive numbers in its quarterly and annual results.    

The stock gave multibagger returns of 255.74 per cent in just 2 years whereas BSE Small-Cap Index was up by only 27.11 per cent. Investors should keep an eye on this stock.