700 per cent returns and promoters bought 3,40,000 shares; Board announced stock split!

The stock gave multibagger returns of 275 per cent from its 52-week low of Rs 66 per share, 575 per cent in 3 years and a whopping 700 per cent in 5 years.

United Van Der Horst Ltd.'s Board has proposed a stock split, dividing each existing Rs.10 equity share into two Rs.5 shares, subject to shareholder approval. This alteration in the company's capital aims to increase share liquidity and potentially make it more accessible to a wider range of investors. Though the Board hasn't yet set a record date for the split, shareholders can expect further details and a voting opportunity soon.

United Van Der Horst Ltd, established in 1989, is a joint venture between UB Group (India) and Dr Van Der Horst B.V. (Holland) specialising in reconditioning and manufacturing services for core sectors. They harness patented chrome plating, specialised welding, and various machining techniques to offer reconditioning, re-standardizing, reverse engineering, and manufacturing services to industries like marine, oil, power, petrochemicals, and mining. Their impressive clientele includes giants like Mumbai Port Trust, Oil India, Reliance Industries, and Indian Railways.

In December 2023, promoters bought 3,40,000 shares via conversion of warrants and now promoters own 72.07 per cent stake in the company compared to 70.44 per cent in September 2023. The company has a market cap of Rs 136 crore and reported positive numbers in its Quarterly Results and annual results.

Today, shares of United Van Der Horst Ltd 1.53 per cent to Rs 247.65 per share with an intraday high of Rs 257.50 and an intraday low of Rs 241.25 per share. The stock’s 52-week high is Rs 278.80 and its 52-week low of Rs 66 per share. The stock gave multibagger returns of 275 per cent from its 52-week low of Rs 66 per share, 575 per cent in 3 years and a whopping 700 per cent in 5 years.

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