52-week high: Shares of this multibagger company soared more than 9 per cent as they turned ex-bonus!
In the past three months, shares of the company have climbed by around 185 per cent!
On Friday, Indian headline indices reached all-time highs on the bourses, with investor optimism evident in the majority of the sectors. While the advance-decline ratio on the BSE remained in favour of advances, broader indices gained significantly.
Small-Cap bulls were kept busy by Ddev Plastiks Industries Ltd, one of the Top Gainers from the BSE Smallcap pack in opening trades of the session.
On an intraday basis on Friday, shares of Ddev Plastiks Industries Ltd soared more than 9 per cent, reaching an intraday high of Rs 216.45 per share on the BSE. Shares ended the session more than 3 per cent higher after trimming some of their gains.
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As shares were trading ex-bonus on Friday, there was a significant buying interest. The board of directors recommended issuing bonus shares in a ratio of 1:10, i.e. one bonus equity share of Re 1 for every ten fully paid-up equity shares of Re 1 held as of the record date.
While shares of the company have soared nearly 185 per cent over the last three months, the company's net profit and revenue both experienced exceptional growth in the most recent quarter. The company offers a wide range of products for the wire and cable industry, including building wires, control and instrumentation cables, insulation and jacketing of wires.
Keep a close eye on this stock for the upcoming sessions!