Promoters Sold 2.61 Per Cent Stake & FIIs Sold 16,715 Shares: Stock Hit Upper Circuit After Announcing Record Date For 10:1 Stock Split
The stock is up by 49 per cent from its 52-week low of Rs 96.10 per share and gave multibagger returns of over 200 per cent in 5 years.
On Tuesday, shares of T T Ltd hit a 5 per cent upper circuit to an intraday high of Rs 143.20 per share from its previous closing of Rs 136.40 per share. The company has a market cap of over Rs 300 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 is fixed as February 12, 2025. 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.
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.
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In December 2024, the promoters of the company sold 2.61 per cent stake and decreased their stake to 56.08 per cent compared to September 2024 and FIIs sold 16,715 shares and decreased their stake to 0.08 per cent in December 2024 compared to September 2024. The stock is up by 49 per cent from its 52-week low of Rs 96.10 per share and gave multibagger returns of over 200 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.