Multibagger Alert: Kshitij Polyline announces entry into e-commerce; stock locks at 5 per cent upper circuit and hits all-time high!

The shares of Kshitij Polyline have skyrocketed 170 per cent over the last six months. The scrip has gained a whopping 62 per cent in one month

NSE-listed entity - Kshitij Polyline, is planning to increase its revenue by entering into new product ranges and taking advantage of technological advancement. The company, via a filing with the exchange, informed that its board has considered approval to enter the e-commerce space and develop its brand from stationary as well as ancillary products. 

On Wednesday, the shares of Kshitij Polyline locked at a 5 per cent upper circuit, recording an all-time high of Rs 91.75 on the bourses. Heavy buying interest has been witnessed in this counter over the last five trading sessions as the stock surged 17.63 per cent.

The company intends to develop its own website, sell on other e-commerce platforms, open stores for speedy delivery, and tie up with other vendors along with offline & online marketing to increase its revenue through the use of new technology. 

The company's board has also approved the agenda of increasing its product range. This Daman & Diu-based entity aims to strengthen its product line with sound quality and durability through research & development, keeping in mind the requirement of consumers.  

The company expects its website work to be completed within the next two quarters i.e. six months while other strategies may take less or more time. 

The shares of Kshitij Polyline have skyrocketed 170 per cent over the last six months. The scrip has gained a whopping 62 per cent in one month.  

Incorporated in 1998, Kshitij Polyline is able to manufacture, distribute, supply, import & export a wide array of smart ID card products, binding & lamination equipment, related materials, and accessories along with stationery products. 

Keep a close eye on this stock in the upcoming trading sessions!