Promoters bought 6,500 shares & FIIs bought 19,057 shares: Board announces stock split from Rs 10 to Re 1
The stock is up by 73 per cent from its 52-week low of Rs 96.10 per share and gave multibagger returns of over 330 per cent in 5 years.
On Tuesday, shares of T T Ltd plunged 1.40 per cent to Rs 166 per share with an intraday high of Rs 171.80 and an intraday low of Rs 165 from its previous closing of Rs 168.35 per share. The company has a market cap of over Rs 350 crore.
T T Ltd. announced that its Board of Directors has approved a stock split, subdividing each existing equity share with a face value of Rs 10 into ten equity shares with a face value of Re 1 each. The record date for this split will be announced later. Consequently, the authorized share capital will change from 4,50,00,000 shares at Rs 10 face value to 45,00,00,000 shares at Re 1 face value. Similarly, both the issued share capital and the subscribed and paid-up share capital, currently at 2,24,98,050 shares with a Rs 10 face value, will become 22,49,80,500 shares with a Re 1 face value after the split.
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T T Ltd., a vertically integrated textile powerhouse, has been a prominent player in the industry since its inception in 1978. The company is renowned for its diverse product range, encompassing everything from agro commodities and yarn to fabrics, garments, and even PPE kits. As an ISO 9001 certified and government-registered three-star export house, T T Ltd. consistently delivers high-quality products to both domestic and international markets.
The promoters of the company bought 6,500 shares and increased their stake to 58.70 per cent and FIIs took a fresh entry and bought 19,057 shares or 0.09 per cent as of September 2024. The stock is up by 73 per cent from its 52-week low of Rs 96.10 per share and gave multibagger returns of over 330 per cent in 5 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.