Promoters Bought 16,66,240 Shares: Multibagger Stock Under Rs 110 In Focus As Board Is Likely To Announce Stock Split
n Monday, shares of the company plunged 2.6 per cent to Rs 101.4 per share from its previous closing of Rs 104.10 with an intraday high of Rs 104 and an intraday low of Rs 100.
Shish Industries Ltd informed that a meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, October 30, 2024, at the registered office of the Company situated at TP No.4, RS No.11 Paiki, 12-13 B, Paiki Plot C 1st Floor of 11 12 Suryapur Mill Compound, Varachha Road, Varachhali, Surat City, Surat – 395006, to consider, sub-division/stock split of equity shares of the company under the provisions of section 61(1)(d) of the Companies Act, 2013.
Shish Industries Ltd., established in 2012, is a prominent player in the manufacturing, trading, and marketing of PP Sheets and Rolls. The company specializes in innovative solutions for protective packaging, thermal insulation, and PE/PP woven fabrics. Notably, SIL was the first to develop and patent the 5-ply Polypropylene Corrugated Sheet and introduced the concept of Insulated water tank covers in India. Their product portfolio includes a wide range of industrial packaging materials, thermal insulation products, and woven fabrics. The company's commitment to quality and environmental sustainability is evident through its certifications, including ISO 14001:2015, BRC, HACCP, and ISO 9001:2015. Recognized as a Star Export House, SIL has established a strong presence in both domestic and international markets.
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The company has a market cap of Rs 361 crore and in October 2024, promoters bought 16,66,240 shares and increased their stake to 66.03 per cent compared to 64.47 per cent in September 2024. On Monday, shares of the company plunged 2.6 per cent to Rs 101.4 per share from its previous closing of Rs 104.10 with an intraday high of Rs 104 and an intraday low of Rs 100.
Disclaimer: The article is for informational purposes only and not investment advice.