Multibagger in just 1 year; Board likely to announce stock split!
The stock gave is up by 70 per cent in 6 months and generated multibagger returns of over 200 per cent in just 1 year.
Shree Oswal Seeds and Chemicals Limited announced that a meeting of the Board of Directors of the company is scheduled to be held on Monday, June 19, 2023 at the Registered Office of the Company inter-alia:
1) To consider and approve the proposal to sub-division / stock split of the equity shares of the company in such manner as may be determined by the Board of Directors and subject to the approval of the shareholders and such authorities as may be required.
2) To consider and approve alteration of the capital clause of the memorandum of association of the company consequent to propose sub-division/stock split of equity shares subject to the approval of the shareholders and such authorities as may be required.
3) Other routine matters with the permission of the chair.
Shree Oswal Seeds and Chemicals Limited is a producer, exporter and supplier of well-processed, de-husked and filtered seeds. The company has delivered good profit growth of 38.5 per cent CAGR over the last 5 years. The net sales increased by 13 per cent and the net profit increased by 20 per cent in FY23 over FY22.
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On Friday, shares of Shree Oswal Seeds and Chemicals plunged 0.62 per cent to Rs 370 per share with an intraday high of Rs 376.95 and an intraday low of Rs 367.10.
The stock gave is up by 70 per cent in 6 months and generated multibagger returns of over 200 per cent in just 1 year. Investors should keep an eye on this micro-cap stock.