Back-to-back 52-week highs: This multibagger small-cap company announced bonus shares!
The company has delivered exceptional returns of 505 per cent from the date of its listing in July 2022.
Ddev Plastiks Industries Limited is a leading manufacturer of polymer compounds with a capacity of 261,500 MTPA. Their product range includes PE compounds, PVC compounds, footwear compounds, pipe compounds, and others. The company operates seven advanced manufacturing plants located in West Bengal, Daman & Diu, and Dadra & Nagar Haveli. These strategically positioned facilities optimize costs and enable access to a wide customer base throughout India.
Ddev Pastiks Industries Ltd has recently announced a bonus issue in the ratio of 1:10, i.e., 1 bonus equity share of Rs 1 each of the company for every 10 fully paid-up equity shares of Rs 1 each held by the shareholder on the record date. The company fixed the record date for the bonus issue as Friday, 30th June 2023.
DSIJ offers a service 'Tiny Treasure' with recommendations for Small-Cap stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the service details pdf here
Furthermore, the company declared great Q4FY23 results in which sales of the company surged by 7.2 per cent to Rs 667 crore, EBITDA grew by 94.7 per cent to Rs 75 crore, while net profit grew by 167.5 per cent to Rs 48 crore compared to Q4FY22.
The company has delivered exceptional returns of 505 per cent from the date of its listing in July 2022. Additionally, the company has a ROCE of 32.4 per cent and an ROE of 23.5 per cent.
On Tuesday, shares of the company zoomed by 6.41 per cent and traded at its 52-week high of Rs 236. Moreover, the stock has been consistently reaching its 52-week high.
Investors should keep a close eye on this buzzing stock.