600 per cent return from its 52-week low; Board likely to announce stock split tomorrow; Do you own it?
The stock gave multibagger returns of over 600 per cent from its 52-week low of Rs 210.55 per share.
Wonder Electricals Ltd informed that the meeting of the Board of Directors of the Company is scheduled to be held on Thursday, August 22, 2024, inter-alia, to consider and approve the proposal of stock split or split of equity shares of the company and consequent amendment to the Capital Clause of the Memorandum of Association of the Company, subject to the approval of the shareholders and other necessary approvals.
Wonder Electricals Ltd. manufactures and supplies various fans, established in 2014. They offer a wide range of products, including ceiling fans, exhaust fans, pedestal fans, and brushless DC (BLDC) fans. The company operates under two business models: OEM (Original Equipment Manufacturer) and ODM (Original Design Manufacturer). In the OEM model, they manufacture products based on customer specifications. In the ODM model, they design and manufacture products in-house and then market them to customers. Wonder Electricals Ltd. has two manufacturing facilities with a total installed capacity of 7.85 lakh fans per month.
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Today, shares of Wonder Electricals Ltd gained 0.70 per cent to Rs 1,505.05 per share from its previous closing of Rs 1,494.10 per share. The stock’s 52-week high is Rs 1,606.90 and its 52-week low is Rs 210.55. The company has a market cap of over Rs 2,000 crore and reported positive numbers in its Quarterly Results (Q1FY25) and annual results (FY24). The stock gave multibagger returns of over 600 per cent from its 52-week low of Rs 210.55 per share. Investors should keep an eye on this small-cap stock in upcoming trading sessions.
Disclaimer: The article is for informational purposes only and not investment advice.
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