900 per cent returns & FIIs increase stake: This multibagger small-cap company embarks on growth path with Rs 124,74,00,000 fundraising for capacity expansion!
The stock gave multibagger returns of 325 per cent in 3 years and a whopping 900 per cent in a decade.
Rushil Decor Ltd (BSE: 533470, NSE: RUSHIL) a leading company in laminate and MDF panel boards, the Board of Directors of the Company has approved fundraising through the issue of convertible warrants (Warrants) on a preferential basis and other incidental matters as follows.
The company will issue warrants Issue of up to 42,00,000 warrants convertible into equity shares of face value of Rs 10 each for Rs 297 (including a premium of Rs 287) per warrant aggregating up to Rs 124,74,00,000.
Furthermore, the company is increasing the outlay of its new greenfield unit in Gujarat for manufacturing decorative laminates from Rs 60 crore to Rs 90 crore. The increase in outlay is due to an increase in the proposed capacity of the project. The project will be funded through the issuance of warrants convertible into equity shares on a preferential basis.
Earlier; Rushil Decor launched an AI-generated TV ad for VIR MDF, a better alternative to plywood and other wood-based panels. The ad introduces a mascot who personifies the strength and durability of VIR MDF and encourages people to use it for durable and stylish furniture, shelves, doors, cabinets, and other applications.
On Thursday, shares of Rushil Décor Ltd surged 0.34 per cent to Rs 337.75 per share with an intraday high of Rs 340.70 and an intraday low of Rs 320.25. The stock’s 52-week high is Rs 429.17 and its 52-week low is Rs 202.37. The company falls under the BSE Small-Cap Index and has a market cap of Rs 896 crore. In the September quarter, FIIs have increased their stake from 0.92 per cent to 0.95 per cent.
The stock gave multibagger returns of 325 per cent in 3 years and a whopping 900 per cent in a decade. Investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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