1,000 per cent returns in this multibagger micro-cap stock & promoters increase stake; Board likely to announce stock split!

The stock gave multibagger returns of 106 per cent in 3 months and a whopping 1,000 per cent in 3 years.

Trishakti Electronics & Industries Ltd informed that the meeting of Board of Directors of the company will be held on Monday, November 14, 2023 to consider and approve the following:

These include reviewing and approving the unaudited standalone and consolidated financial results for the second quarter and half-year ended on September 30, 2023, along with the limited review report. Additionally, the board will consider a proposal to stock split/ sub-divide the company's equity shares of Rs 10 face value each into a smaller denomination. The meeting will also involve altering the authorized share capital clause and object clause of the company's charter. A draft notice of the postal ballot will be approved, the book closure date will be determined, and a scrutinizer will be appointed to oversee the voting process of the postal ballot. Any other business deemed necessary by the chair may also be discussed.

Incorporated in 1985, Trishakti Electronics & Industries Ltd is a company that provides IT and IP solutions and services. They are one of the oldest and most renowned technical solutions provider groups in India. They deal in latest cutting-edge technology for security, telecom, advance computing, banking and IT.

Today, one of the Top Gainers on BSE, shares of Trishakti Electronics & Industries Ltd hit 5 per cent upper circuit to Rs 103.2 per share. The stock also made a new 52-week high of Rs 103.2 per share. In the recent trading session, the stock has been hitting back-to-back upper circuits and 52-weeks high.

The company has a market cap of over Rs 30 crore and in the September quarter 2023, the promoters have increased their stake by 2.63 per cent. The stock gave multibagger returns of 106 per cent in 3 months and a whopping 1,000 per cent in 3 years. Investors should keep an eye on this micro-cap stock.

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