Deb-free multibagger stock hit upper circuit & 52-week high: Board likely to announce stock split; keep under the radar!
The stock gave multibagger returns of 160 per cent in just 1 year, 1,200 per cent in 3 years and a whopping 6,600 per cent in a decade.
Contil India Ltd informed that the meeting of the Board of Directors of the company will be held on Friday, August 02, 2024, to consider and approve the following:
- To consider and approve the proposal to sub-division/stock split of the equity shares of the company in such manner as may be determined by the Board of Directors and subject to the approval of the Shareholders and such authorities as may be required
- Any other business with the permission of the chair which is incidental and ancillary to the business.
On Friday, one of the Top Gainers on BSE, shares of Contil India Ltd hit 20 per cent upper circuit to Rs 234.05 per share from its previous closing of Rs 195.05. The stock also made a fresh new 52-week high of Rs 234.05 per share while its 52-week low is Rs 76.30 per share. The company's shares saw a spurt in volume by more than 43 times on BSE. At the closing bell, shares of the company were trading at Rs 209.15, up 7.23 per cent.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, do download the service details here.
Contil India Ltd, established in 1994, is an Indian company that exports a wide variety of food and grocery items. Their product range includes spices, cereals, pulses, beauty products, Ayurvedic health items, cookware, and even branded goods. They primarily sell under their own Contil brand but also distribute established brands like MTR, Ramdev, Badshah and Everest. Their current focus is exporting to Canada and other parts of North America, where their products are available in supermarkets, malls, hotels, restaurants and Indian stores. They're strategically planning to expand their reach to other territories within the US and Canada.
The company has a market cap of over Rs 60 crore and as of March 31, 2024, the company is debt-free. The shares of the company have a PE of 42.7x, an ROE of 17 per cent and an ROCE of 24 per cent. The stock gave multibagger returns of 160 per cent in just 1 year, 1,200 per cent in 3 years and a whopping 6,600 per cent in a decade. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
Also Read: Rs 1,400 Crore Order Book: Multibagger Defence Drone Company Introduces AI-powered Robots; Unveils Four Products for the Global Defence Market