1,700 per cent returns in this multibagger stock; Don’t miss action in this stock as Board announces stock split!
The stock is up by 45 per cent from its 52-week low and gave multibagger returns of over 1,700 per cent in 5 years.
Balaxi Pharmaceuticals Limited informed that the Board of Directors at their meeting have inter-alia, approved stock split of equity shares. i.e., 1 equity share having a face value of Rs 10 each be sub-divided into 5 equity shares having a face value of Rs 2 each, subject to regulatory/ statutory approvals as may be required and the approval of shareholders of the company.
The company is proposing a stock split to increase the stock's liquidity and attract a wider range of investors, particularly small investors, by making the shares more affordable within a two-month timeframe, subject to shareholder approval.
Balaxi Pharmaceuticals Ltd is a branded and generic pharmaceutical company based in India that manufactures, sells, and supplies a portfolio of over 600 products across various forms. They primarily source their products from WHO-GMP-certified manufacturers and currently export to several countries, with a focus on expanding their presence in Latin America and Central Africa. They are also investing in establishing their manufacturing facility to create differentiated formulations for these markets.
Today, shares of Balaxi Pharmaceuticals Ltd surged 0.97 per cent to Rs 579.20 per share from its previous closing of Rs 573.65 with an intraday high of Rs 595.65 and an intraday low of Rs 560.20. The stock’s 52-week high is Rs 686.30 and its 52-week low is Rs 399.95.
The company has a market cap of Rs 598.56 crore and reported positive numbers in its Quarterly Results and annual results. The shares of the company have a PE of 19x, an ROE of 32.2 per cent and an ROCE of 38.5 per cent. The stock is up by 45 per cent from its 52-week low and gave multibagger returns of over 1,700 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.
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