1,050 per cent multibagger returns in this high ROE & high ROCE stock; Board likely to announce stock split!
The shares of the company have an ROE of 30 per cent and an ROCE of 24 per cent.
POCL Enterprises Ltd informed that the meeting of the Board of Directors of the company is scheduled to be held on Thursday, August 01, 2024, to interalia to consider the following:
- To consider and approve the unaudited financial results of the company for the quarter ended June 30, 2024.
- To consider and approve the sub-division of the equity shares of the company and fixation of record date for determining the list of shareholders eligible for sub-division of shares.
- Any other subject.
POCL Enterprises Ltd, founded in 1988, is a leading Indian manufacturer and trader of various metals, chemicals, and their oxide forms. Their product range includes metallic oxides like red lead and zinc oxide, PVC stabilizers used in pipes and building materials, refined zinc for various applications including animal feed and ceramics and lead alloys used in soundproofing, radiation shielding, plumbing and even paints.
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On Thursday, shares of POCL Enterprises Ltd were up by 2.24 per cent to Rs 597.95 per share with an intraday high of Rs 614.05 and an intraday low of Rs 584.85. The stock’s 52-week high is Rs 622 and its 52-week low is Rs 170. The company has a market cap of over Rs 300 crore.
The shares of the company have an ROE of 30 per cent and an ROCE of 24 per cent. The stock gave multibagger returns of 240 per cent in just 1 year and a whopping 1,050 per cent in 3 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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