Multibagger in just 6 months: Don’t miss action in this stock that has announced stock split!

The stock gave 20.20 per cent returns in 1 month and multibagger returns of 281 per cent in just 6 months.

Today on BSE, shares of Goyal Aluminiums surged 0.85 per cent to Rs 362.75 per share from its previous closing of 359.70. The stock also traded at a new 52-week high of Rs 362.90 and has a 52-week low of Rs 74.95.  

Recently, the company announced a sub-division/stock split of the equity shares of the company from a face value of Rs 10 each fully paid-up to a face value of Rs 1 each fully paid. The Board verified the record date for the stock split as Tuesday, April 25, 2023.   

Expansion of Business:  "Wroley E India Private Limited" is an extended arm of the company through which the company is diversifying its consumer base and knocking on the doors of the retail EV (electric vehicle) segment. The company will sanction financing from Shri Ram Finance Limited for this new business segment and setting up of the manufacturing plant for the manufacturing and promotion of Make in India E-scooters in Greater Noida, Delhi.  

Goyal Aluminiums Limited provides metal trading services. The company offers aluminium sheets, coils, sections, grills and other aluminium products, as well as provides cotton fabrics, printing machines, glass and other products.   

According to the financials, Goyal Aluminiums has a market cap of Rs 517.83 crore. The company reported excellent numbers in both Quarterly Results and annual results.    

The stock gave 20.20 per cent returns in 1 month and multibagger returns of 281 per cent in just 6 months. Investors should keep a close eye on this Small-Cap multibagger stock.