Multibagger stock with 67,000 per cent returns: Board announces 10:1 stock split after 1:1 bonus share: Check the record date inside!
The stock gave multibagger returns of 170 per cent in just 1 year, 26,550 per cent in 3 years and a whopping 67,000 per cent in 5 years.
Integrated Industries Ltd, founded in 1995, transitioned from printed circuit boards to organic & inorganic food, bakery, and processed food production. They operate a 3400 MTPA biscuit manufacturing plant under the subsidiary Nurture Well Food Private Limited, producing cookies and biscuits under the Richlite, Funtreat, and Canberra brands.
The company proposes a 10:1 stock split, converting each Rs. 10 face value equity share into ten Re. 1 face value equity shares. This is intended to enhance shareholder participation and liquidity by increasing the number of shares available for trading, thereby potentially boosting market interest. The split will not alter the company's capital structure or the shareholders' proportional ownership. The record date for the split will be determined by the board and requires shareholder approval. The Board fixed the record date for the stock split as Tuesday, October 01, 2024.
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The shares of the company ex-traded bonus shares in the ratio 1:1 i.e., Issue of 1 bonus equity shares having a face value of Rs 10 for every 1 fully paid-up equity share having a face value of Rs 10. Increase in authorised share capital from Rs 20,00,00,000 to Rs 30,00,00,000. Ex-date for bonus shares was April 16, 2024.
The company has a market cap of over Rs 700 crore with a 3-year stock price CAGR of 265 per cent. According to the Quarterly Results, the net sales increased by 620 per cent to Rs 140.08 crore and net profit skyrocketed by 1,010 per cent to Rs 12.98 crore in Q1FY25 over Q1FY24.
On Wednesday, shares of Integrated Industries gained 0.04 per cent to Rs 391.90 per share from its previous closing of Rs 391.75 per share with an intraday high of Rs 399.75 and an intraday low of Rs 387. The stock’s 52-week high is Rs 438 per share while its 52-week low is Rs 149.93. The stock gave multibagger returns of 170 per cent in just 1 year, 26,550 per cent in 3 years and a whopping 67,000 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.