Multibagger stock below Rs 100: Don’t miss action in this stock that has announced stock split!
The stock gave multibagger returns of 100.21 per cent in just 6 months whereas BSE Small-cap Index was only up by 1.7 per cent.
Today, one of the Top Gainers on BSE, shares of KCD Industries India Ltd surged 5 per cent upper circuit to Rs 96 per share from its previous closing of Rs 91.45. The stock gave multibagger returns of 100.21 per cent in just 6 months whereas BSE Small-Cap Index was only up by 1.7 per cent.
Recently, KCD Industries announced a sub-division/split of equity shares of the company: 1 (One) equity share having a face value of Rs 5 (Rupees Five only) each into 5 (Five) equity shares having a face value of Rs 1 (Rupee One only) each as of record date. The company fixed the record date as Friday, February 17, 2023.
KCD Industries India Ltd., incorporated in the year 1985, is a small-cap company (having a market cap of Rs 19.21 crore) engaged in the business of construction. The company has also received multiple orders from the Government of India projects.
Talking about finances, KCD Industries has a market cap of Rs 18 crore. The company reported excellent results in both quarterly and annual financial statements. In Q2FY23, net profit skyrocketed to Rs 0.19 crore compared to a net loss of Rs 0.01 crore in Q2FY22. The stock has a 52-week high of Rs 110.75 and a 52-week low of Rs 36.90. Investors should keep a close eye on this multibagger stock.