Multibagger penny stock under Rs 15; Board likely to announce rights issue!
The stock gave multibagger returns of 140.74 per cent from its 52-week low of Rs 5.40 per share and over the span of 3 years it has returned over 300 per cent.
La Tim Metal & Industries Limited informed that the meeting of the Board of Directors of the Company is to be held on Thursday, June 29, 2023, inter alia:
a) To consider and decide fundraising by way of rights issue of equity shares of the company and for matters incidental thereto.
b) To consider any other matter with the permission of the Chair as the Board may think fit or which is incidental and ancillary to the business of the company.
On Friday, shares of La Tim Metal & Industries gained 1.28 per cent to Rs 12.65 per share with an intraday high of Rs 13 and an intraday low of Rs 12.25.
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La Tim Metal & Industries Ltd is engaged in the business of importing coils and profiles and trading them into the Indian market.
The company have a market cap of Rs 112 crore with a 5-year CAGR of 30 per cent. The company has a good return on equity (ROE) track record 3 Years ROE of 41.5 per cent.
The stock gave multibagger returns of 140.74 per cent from its 52-week low of Rs 5.40 per share and over the span of 3 years it has returned over 300 per cent. Investors should keep an eye on this micro-cap stock under the radar.