10:1 stock split: Multibagger solar penny stock under Rs 60 hit 5 per cent upper circuit with heavy volume
The stock gave multibagger returns of 340 per cent in just 1 year and a whopping 2,760 per cent in 5 years.
On Monday, shares of RDB Infrastructure and Power Limited hit a 5 per cent upper circuit to Rs 54.02 per share from its previous closing of Rs 51.45 per share. The shares of the company saw a spurt in volume by more than 3 times on BSE.
RDB Infrastructure and Power Limited (Formally known as RDB Realty & Infrastructure Ltd), founded in 1981, is a prominent real estate & solar services-related company in India. With a strong presence in major cities like Kolkata, Mumbai, and Hyderabad, they specialise in both residential and commercial projects. Their portfolio includes high-rise apartments, integrated townships, office spaces, and shopping malls. The company is committed to quality and innovation, aiming to deliver exceptional living and working spaces. By focusing on customer satisfaction and sustainable development practices, RDB Realty & Infrastructure Ltd has established itself as a trusted name in the Indian real estate industry.
RDB Infrastructure and Power Limited has secured a construction contract with Vardhman Group Realbuild LLP, valued at Rs 42,00,00,000 (excluding taxes), for the development of a 2,00,000 sq. ft. building at Sandhurst Road West, Girgaon, Mumbai, scheduled for completion within 24 months, involving basement to 33 upper floors construction, with a security deposit of Rs. 1,00,00,000 and 5 per cent retention on each bill. Simultaneously, the company has entered a slump sale agreement for its infrastructure and power unit to Samprati Buildcon Private Limited for Rs. 60,00,00,000, aiming to improve liquidity, and has also secured infrastructure projects from Tarmat Limited, worth Rs. 35.40 crore and Rs. 23.60 crore, for CSMIA, and two solar EPC and O&M contracts from DVC, valued at Rs. 7.51 crore and Rs. 42.76 lakh respectively.
DSIJ’s 'multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.
According to Quarterly Results, the net sales increased by 251 per cent to Rs 24.18 crore and net profit increased by 88 per cent to Rs 1.78 crore in Q3FY25 compared to Q3FY24. In its nine-month results, the net sales increased by 169 per cent to Rs 87.36 crore and the net profit increased by 23 per cent to Rs 4.38 crore in 9MFY25 compared to 9MFY24. Looking at its annual results (FY24), the company reported net sales of Rs 67 crore and a net profit of Rs 3 crore.
The company's shares ex-traded a 10:1 stock split of its equity shares. This means each existing Rs 10 face-value equity share will be divided into 10 equity shares of Re 1 each. The ex-date for the stock split was Friday, February 28, 2025. The stock’s 52-week high is Rs 61.27 per share and its 52-week low is Rs 11.59 per share. The company has a market cap of over Rs 900 crore, with promoters holding 70.42 per cent stake and the pubic owning 29.58 per cent stake. The stock gave multibagger returns of 340 per cent in just 1 year and a whopping 2,760 per cent in 5 years. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.