4,700 per cent multibagger returns; Board announces stock split from Rs 10 to Re 1; Scrip trades at low PE & high ROE

The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 400 per share, 1,665 per cent in 3 years and a whopping 4,700 per cent in 5 years

Fedders Holding Ltd hereby informed that Friday, September 20, 2024, has been designated as the Record Date for determining eligibility to participate in the stock split/sub-division of the company's equity shares. This sub-division will reduce the face value of each equity share from Rs 10 to Re 1. For every existing equity share with a face value of Rs 10, shareholders will receive ten new equity shares, each with a face value of Re 1.

Fedders Holding Ltd is a diversified financial services company with a strong focus on investment and advisory services. Established in 1991, the company has been operating in various segments such as financial advisory, asset management, wealth management, management consultancy and retail & institutional broking. Fedders Holding Ltd offers a wide range of services to both corporate and retail clients, including corporate transactional advisory, leasing advisory, RERA advisory, strategic sales & marketing advisory and home loan assistance.

The company is currently under the ownership of Rudrabhishek Enterprises Ltd, which specializes in real estate and infrastructure design, development, and implementation. Fedders Holding Ltd also has two wholly owned subsidiaries: IM Investment Capitals Pvt Ltd, providing investment advisory services and Fedders Electric and Engineering Ltd, which is currently undergoing the Corporate Insolvency Resolution Process (CIRP).

The company has a market cap of over Rs 1,000 crore. The shares of the company have a PE of 14x, an ROE of 29 per cent and an ROCE of 26 per cent. The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 400 per share, 1,665 per cent in 3 years and a whopping 4,700 per cent in 5 years. Investors should keep an eye on this multibagger stock.

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

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