2,000 per cent multibagger returns & Promoters bought 79,803 shares; Board announces stock split for first time ever!

The stock gave multibagger returns of 247 per cent in 1 year and a whopping 2,000 per cent in 3 years.

Today, shares of Trishakti Industries Ltd hit a 2 per cent upper circuit to Rs 168.80 per share from its previous closing of Rs 165.50. The stock also made a new 52-week high of Rs 168.80 per share. In the recent trading sessions, the stock has been hitting back-to-back upper circuits and 52-week highs.

The Board of Directors of the company have approved a stock split/sub-division of equity shares of the company from the face value of Rs 10 to the face value of Rs 2 per share. The company fixed the record date for the stock split as Tuesday, January 16, 2023.

Earlier, the company announced a major Rs 600 crore joint venture with PT Tubular Services Indonesian to build a cutting-edge seamless pipe plant. This strategic partnership, aiming to tap into rising demand for high-quality pipes, promises expanded operations, new product lines, enhanced market position, and significant shareholder value. With regulatory approvals expected soon and regular updates to follow, this collaboration further strengthens the company's global competitiveness and contributes to national economic growth, while their successful role as a marketing service provider for an Indonesian manufacturer's major contract win adds another layer of revenue potential.

Trishakti Industries Limited provides infrastructure and Oil & gas exploration services. The Company engages in multiple business sectors including logistics and infrastructure, oil and gas, food-related items, and agency services. Trishakti Industries serves customers worldwide. The company has a market cap of over Rs 50 crore with a 3-year stock price CAGR of 150 per cent. In its Quarterly Results and annual results, the company reported positive numbers.

Between July 01, 2023, and December 31, 2023, the company's promoters actively increased their stake, purchasing a total of 79,803 shares. The stock gave multibagger returns of 247 per cent in 1 year and a whopping 2,000 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.