Multibagger stock that delivered Rs 50.05 lakh on an investment of Rs 1 lakh, announces stock split

The organisation has constructed revolutionary real estate projects in Mumbai and other cities in Maharashtra.

Sanmit Infra Ltd is a Small-Cap firm that works in the real estate sector with a market value of Rs 673.03 crore. The organisation has constructed revolutionary real estate projects in Mumbai and other cities in Maharashtra.   

In an exchange filing, the company stated that its board of directors' meeting was scheduled for July 28, 2022, wherein, it would recommend the proposal for the sub-division of the company's equity shares, each of which has a face value of Rs 10, along with other related matters, subject to the shareholders’ approval and any other authorities that may be necessary.   

The stock on BSE ended at a price of Rs 421 per share on Wednesday. In the last one year, its stock price has increased from Rs 142 on July 28, 2021, to the current price, showing a multi-bagger return of 195.76 per cent. The stock climbed 30.35 per cent over the previous six months and by 41.01 per cent, so far in 2022. The price of this stock surged as much as 4,950.95 per cent since the day of its debut. The investment that was made for Rs 1 lakh five years ago has increased to Rs 50.05 lakh presently within this time.  

It is also a publicly-traded infrastructure company run by Makhija Group, which began humbly in 1968 with a private company called ‘Haresh Agencies’ under the direction of Kanayalal C Makhija. Haresh Agencies is an approved dealer of Hindustan Petroleum Corporation Limited. In India's petroleum market, Haresh Agencies is a well-known brand, thanks to Kanayalal's creative vision and straightforwardness. The man began diversifying in real estate in 1994 after a modest start in 1965. With earnest & committed efforts and a proper sense of entrepreneurship, he began constructing commercial complexes around Bandra.  

Watch this scrip closely in the upcoming sessions.