Rs 644 crore order book & DIIs increase stake: Multibagger vehicle construction stock in focus Board announces record date for 1:2 stock split
The stock gave multibagger returns of 360 per cent in 3 years and a whopping 800 per cent in 3 years.
Sanghvi Movers Limited announces a stock split. Effective Friday, September 27, 2024, each existing equity share with a face value of Rs. 2 will be divided into 2 equity shares with a face value of Rs. 1 each. This split will be fully paid up and will not alter the overall equity value of the company. The record date for determining shareholder eligibility for the split is also set for Friday, September 27, 2024.
Sanghvi Movers Ltd is a leading crane rental company in the world, offering a fleet of hydraulic and crawler cranes for various infrastructure projects. They boast the largest crane hiring operation in India and rank 5th globally, providing medium to large-sized cranes with lifting capacities ranging from 20 to 800 tons.
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The company has a market cap of over Rs 3,483 crore and the order book as of June 30, 2024, stands at Rs 744 crore. As of June 2024, DIIs have increased their stake to 3.34 per cent compared to 2.59 per cent in March 2024.
On Tuesday, shares of Sanghvi Movers Ltd plunged 0.10 per cent to Rs 803.85 per share with an intraday high of Rs 826.10 and an intraday low of Rs 793.60. The stock’s 52-week high is Rs 1,483 and its 52-week low is Rs 621.35. The stock gave multibagger returns of 360 per cent in 3 years and a whopping 800 per cent in 3 years. This small-cap stock should be kept under the radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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