10:1 stock split after 1:1 bonus share: Multibagger stock with 64,500 per cent returns, hit a 52-week high on August 14
The stock gave multibagger returns of 315 per cent in just 1 year, 25,500 per cent in 3 years and a whopping 64,500 per cent in 5 years.
Integrated Industries Ltd, founded in 1995, transitioned from printed circuit boards to organic & inorganic food, bakery, and processed food production. They operate a 3400 MTPA biscuit manufacturing plant under the subsidiary Nurture Well Food Private Limited, producing cookies and biscuits under the Richlite, Funtreat, and Canberra brands.
The company proposes a 10:1 stock split, converting each Rs. 10 face value equity share into ten Re. 1 face value equity shares. This is intended to enhance shareholder participation and liquidity by increasing the number of shares available for trading, thereby potentially boosting market interest. The split will not alter the company's capital structure or the shareholders' proportional ownership. The record date for the split will be determined by the board and requires shareholder approval. The company aims to complete the process within two months of obtaining shareholder consent.
The shares of the company ex-traded bonus shares in the ratio 1:1 i.e., Issue of 1 bonus equity shares having a face value of Rs 10 for every 1 fully paid-up equity share having a face value of Rs 10. Increase in authorised share capital from Rs 20,00,00,000 to Rs 30,00,00,000. Ex-date for bonus shares was April 16, 2024.
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The company has a market cap of Rs 730.6 crore with a 3-year stock price CAGR of 265 per cent. According to the Quarterly Results, the net sales increased by 620 per cent to Rs 140.08 crore and net profit skyrocketed by 1,010 per cent to Rs 12.98 crore in Q1FY25 over Q1FY24.
On Wednesday, shares of Integrated Industries gained 5.83 per cent to Rs 381.35 per share from its previous closing of Rs 360.35 per share with an intraday high of Rs 385 and an intraday low of Rs 364.05. The stock made a new 52-week high of Rs 385 per share while its 52-week low is Rs 93.93. The stock gave multibagger returns of 315 per cent in just 1 year, 25,500 per cent in 3 years and a whopping 64,500 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.
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