Multibagger stock announces record date for its 1:5 stock split!

The stock has witnessed positive traction as it has given multibagger returns of over 129 per cent in just 1 year and over 80 per cent in just 6 months

On Monday, shares of Shreeji Translogistics surged more than 4.8 per cent to make an intraday high of Rs 438 apiece. The scrip witnessed a massive spurt in volume by more than 1.25 times and closed 4.37 per cent up at Rs 436.   

The company informed the exchange that they have fixed February 15, 2023, as the record date for the purpose of determining eligible shareholders for split of each equity share into 5 equity shares (1:5). The company had announced previously, on December 01, 2022, for subdivision of the shares.  

Shreeji Translogistics, a 1994 incorporation, focuses primarily on serving as a transport contractor. One of India's most well-known integrated national logistics service providers, the organisation offers a broad spectrum of logistical requirements, from export-import container transportation to bond trucking transportation. The company has around 500 outsourced vehicles for logistics operations, in addition to the 220 trucks it owns.  

The stock has witnessed positive traction as it has given multibagger returns of over 129 per cent in just 1 year and over 80 per cent in just 6 months. Keep a close eye on this trending multibagger stock.