2,280 per cent returns in this multibagger stock; Board likely to announce stock split!
The stock gave multibagger returns of 145 per cent in just 1 year, 510 per cent in 2 years and over 2,280 per cent in 3 years.
Tirupati Tyres Ltd informed that a meeting of the Board of Directors of the company is scheduled to be held on Thursday, July 27, 2023, at the Registered Office of the company to transact the following business matters:
1. To consider and approve the proposal of the stock split of the equity shares of the company in such manner as may be determined by the Board of Directors, subject to the approval of the members and such regulatory/statutory authorities as may be required.
2. To Increase the authorized share capital of the company and consequently make required alterations in the memorandum of association of the company, subject to the approval of members.
3. To consider and approve postal ballot notice and other incidental matters thereto.
4. Any other business as the Board deemed fit to discuss, with the permission of the chair.
Tirupati Tyres Ltd. retails automobile parts. The company offers tires and tubes for cycles, bicycles, tricycles, mopeds, scooters, motorcycles, auto rickshaws, tractors, trucks, and buses. Tirupati Tyres conducts business in India.
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Talking about the financials Tirupati Tyres has a market cap of Rs 95 crore with a 5-year stock price CAGR of 51 per cent. The company reported positive numbers in its Quarterly Results and annual results.
The stock gave multibagger returns of 145 per cent in just 1 year, 510 per cent in 2 years and over 2,280 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.