Back-to-back upper circuits: This multibagger capital goods stock doubled in last one year!
Year-to-date the scrip has rallied by more than 47 per cent.
Shares of W S Industries (India) have more than doubled over the last one year. Year-to-date the scrip has rallied by more than 47 per cent. In the last few trading sessions, the stock has hit back-to-back upper circuits as only buyers were seen in the counter.
The company's Board of Directors' upcoming meeting has been scheduled for Friday, October 28, 2022; to consider the proposal for raising funds by way of issue of one or more instruments, including equity shares, convertible securities of any description or warrants or debt securities, through preferential issue, private placement, rights issue or any other methods.
In the first week of October, the company announced that it secured an order for the construction of macro drain project works approximately valued at Rs 46.95 crores (including GST) from a reputed infra player.
WS Industries (India) Limited was established in 1961 with a vision to create an enduring benchmark in India for strategic excellence in electro porcelains. The company currently has two lines of business: manufacture and sale of porcelain insulators up to 1200kV inelectrical high voltage transmission, substation and distribution applications; and turnkey projects division for erection, installation and commissioning of electrical high voltage lines and substations and line quality solutions.
Investors should watch out for this buzzing stock in the upcoming trading sessions!