Promoters bought 6,500 shares & FIIs bought 19,057 shares: Board likely to announce stock split; Hit lower circuit on December 12

The stock is up by 72.2 per cent from its 52-week low of Rs 96.10 per share and gave multibagger returns of over 350 per cent in 5 years.

On Thursday, shares of T T Ltd hit a 5 per cent lower circuit to Rs 165.50 per share with an intraday high of Rs 177 and an intraday low of Rs 165.50 from its previous closing of Rs 174.20 per share. The company has a market cap of over Rs 350 crore.

T T Ltd informed that a meeting of the Board of Directors of the Company will be held on Monday, December 16, 2024, through video conference inter-alia to consider and approve the following:

1. Allotment of 10,00,000 equity shares to non-promoters of the company
2. Allotment of 8,00,000 convertible warrants to non-promoters of the company
3. To consider and approve the proposal for alteration in the capital of the company by sub-division/ stock split of the company’s equity shares having a face value of Rs 10 each fully paid up.

T T Ltd., a vertically integrated textile powerhouse, has been a prominent player in the industry since its inception in 1978. The company is renowned for its diverse product range, encompassing everything from agro commodities and yarn to fabrics, garments, and even PPE kits. As an ISO 9001 certified and government-registered three-star export house, T T Ltd. consistently delivers high-quality products to both domestic and international markets.

The promoters of the company bought 6,500 shares and increased their stake to 58.70 per cent and FIIs took a fresh entry and bought 19,057 shares or 0.09 per cent as of September 2024. The stock is up by 72.2 per cent from its 52-week low of Rs 96.10 per share and gave multibagger returns of over 350 per cent in 5 years. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.