290 Per Cent Multibagger Returns From 52-Week Low: Board Announces Stock Split From Rs 5 to Rs 2; Check Record Date Inside
The stock gave multibagger returns of over 290 per cent from its 52-week low of Rs 48.10 per share.
Shradha Infraprojects Ltd inform you that the Board of Directors of the Company has considered subdivision /stock split of existing face value of Rs 5 (Rupees Five only) each fully paid-up, be subdivided/split into such number of equity shares having face value of Rs 2 (Rupees Two only) each fully paid-up. The Board fixed the record date for stock split as Tuesday, December 10, 2024.
Shradha Infraprojects Ltd is a real estate infrastructure development company established in 1987. Primarily operating in Nagpur, India, SIPL has a strong presence in residential, commercial, and hospitality sectors, offering mixed-use and single-segment developments. Their expertise extends to various construction projects, including highways, bridges, water supply, renewable energy, and urban development.
Beyond the development and sale of properties, SIPL also engages in leasing commercial spaces for corporate offices and educational institutions. Notable projects include Shradha House, Victoria House, Mangalam Shradha, and Shradha Busiplex. Currently, the company is undertaking a project to re-section the disturbed dam profile in Dhamtari District, Chhattisgarh, India.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, do download the service details here.
The company has a market cap of Rs 381 crore and has delivered good profit growth of 40.9 per cent CAGR over the last 5 years. The shares of the company have a PE ratio of 16x whereas the industry PE is 31x. The stock gave multibagger returns of over 290 per cent from its 52-week low of Rs 48.10 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.