2:1 Stock Split Announced by this Multibagger Stock Under Rs 150: Stock Gained 250 per cent from its 52-Week High!

The stock has delivered a multibagger return of around 200 per cent in just a year only.

Conart Engineers Ltd informed that a meeting of the Board of Directors of the company announced the stock split in the ratio 2:1 i.e., sub-division of equity shares of Rs 10 face value, 2 equity shares of face value of Re 5 each. The record date for the stock split is yet to be determined.

Earlier, the company secured a work order from Amneal Pharmaceuticals Private Limited, Vadodara, for the construction of a New Industrial Warehouse and Softmist Plant at Pipan, Sanand, Dist. Ahmedabad, Gujarat, India. The approximate value of the project is Rs 3.10 crore, subject to any changes in the final layout plan and additional work if required. The order/contract is to be executed within 3 months from the date of the Purchase Order (PO).

Share Performance:

On Friday the shares of Conart Engineers closed the day at Rs 149 per share. The company’s current market capitalisation stands at Rs 46.7 crore. The stock has delivered a multibagger return of around 200 per cent in just a year only.

Financial performance:

According to the Quarterly Results, in Q5 FY25, Conart Engineers reported a revenue of Rs 9.92 crore and an operating profit of Rs 0.47 crore. The operating profit margin for the quarter stands at 0.14 per cent. The company’s net profit stood at Rs 1.79 crore. In FY24, the company reported a revenue of Rs 48.89 crore compared to Rs 35.49 crore and a net profit of Rs 3.08 crore, compared to a profit of Rs 1.97 crore in the previous year.

Investors must keep this micro-cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.