Multibagger stock below Rs 15: Don’t miss action in this stock that has announced rights issue!

The stock gave multibagger returns of 115.87 per cent from its 52-week low of Rs 6.30 whereas BSE Small-cap was down by 7.65 per cent.

SEPC Ltd informed both exchanges (BSE Script Code: 532945; NSE Script Code: SEPC) that the company has announced a rights issue in the ratio 2:53 as of the record date. The company fixed the record date for the rights issue as Wednesday, March 29, 2023. The rights issue opening date is Monday, April 10, 2023 and the rights issue closing date is Monday, April 24, 2023.   

On Friday, shares of SEPC Ltd were plunged 5.53 per cent to Rs 12.64 per share from its previous closing of Rs 13.38 with an intraday high of Rs 13.60 and low of Rs 13.60. 

Shriram EPC Ltd (SPEC) is a leading service provider of integrated design, engineering, procurement, construction and project management services for water and waste-water treatment plants, water infrastructure, process and metallurgy plants, power plants, and mines and mineral processing.  

Talking about the financials, SPEC has a market cap of Rs 1,670.41 crore with a 1-year CAGR of 80 per cent. In Q3FY23, net sales zoomed 36.90 per cent and net profit zoomed 105.84 per cent compared to Q3FY22. Today, shares of the company saw a spurt in volume by more than 2.05 times on BSE. 

The stock gave multibagger returns of 115.87 per cent from its 52-week low of Rs 6.30 whereas BSE Small-Cap was down by 7.65 per cent. Investors should keep an eye on this stock.