Mauritius based Vikasa India EIF Fund - Incube Global Opportunities pick up stake in this chemical multibagger stock

Stock has given nearly 600 per cent returns in the last 6 months & it hit upper circuit of 5 per cent today.

Mauritius based Vikasa India EIF Fund - Incube Global Opportunities has picked up stake in Kshitij Polyline., a National Stock Exchange (NSE) listed entity. As per NSE data, it has purchased 6 lakh shares at a price of Rs. 41.43 per share via bulk deal today. Stock has given nearly 600 per cent returns in the last 6 months & it hit upper circuit of 5 per cent today. 

The company is looking to increase its revenue by entering new product ranges and taking advantage of technological advancement.

Meanwhile, the company’s board has considered an approval to enter e-commerce space and develop its brand from stationary products and ancillary products.

The company intends to develop its own website, selling on other e-commerce platforms, opening stores for speedy delivery, tie-up with other vendors and off-line & online marketing to increase their revenue by use of new technology.

The company board also approved the agenda of increasing its product range. The company is looking at products which are used in schools, colleges, offices, corporate offices, government departments and other institutions. The Daman and Diu based company aims to strengthen its product line. 

Incorporated in 1998, Kshitij Polyline is able to manufacture, distribute, supply, import and export a wide array of Smart ID Card Products, Binding and Lamination equipment, related materials and accessories and stationery products. It also exports products to some countries like Uganda, Lebanon, Sri-Lanka, South Africa, Bhutan, Nepal, Dubai and many more countries. 

Investors should keep an eye out for this stock in the upcoming sessions.