5:1 stock split; 6,500 per cent multibagger returns; FIIs bought 1,56,500 shares & DIIs bought 14,670 shares: Company forms a JV partnership with Aircom Group AG; don’t miss!

The stock gave multibagger returns of 360 per cent in just 1 year, 1,000 per cent in 5 years and a whopping 6,500 per cent in a decade.

Remsons Industries Limited (RIL) and Aircom Group AG, Switzerland (through its Indian subsidiary) have formed a joint venture named Aircom Remsons Automotive Private Limited (ARAPL) with an authorized share capital of Rs. 25 lakh and paid-up capital of Rs 20 lakh. ARAPL will focus on manufacturing, importing, exporting and selling tyre puncture repair kits and related products in India.

In a stock split of 5:1, a company divides each existing share with a face value of Rs. 10 into five new shares, each with a face value of Rs. 2. This increases the number of shares outstanding but doesn't change the total value of the company's equity. The main purpose of a stock split is to make the stock more affordable for individual investors, potentially increasing the stock's liquidity. The record date for the stock split will be updated in due course.  

Furthermore, Remsons Industries Ltd has joined forces with DAIICHI through a groundbreaking 50:50 joint venture to become a leader in the automotive electronics revolution. This collaboration combines Remsons' industry experience with Daiichi's design and manufacturing expertise, leveraging the strengths of Dogan Group (Daiichi's parent company) to develop cutting-edge electronics for future vehicles. This positions them to capitalize on India's booming automotive electronics market, projected to reach USD 18 billion by 2027.

Established in 1971, Remsons Industries Ltd is a leading manufacturer of auto components like control cables, gear shifters, and parking brakes. They cater to over 20 major automakers across India and globally, including Maruti Suzuki, Ford, and Jaguar Land Rover, operating 5 manufacturing plants across India and the UK. With a presence in 19+ countries, Remsons offers a diverse product portfolio and holds 3 foreign subsidiaries, solidifying its global reach.

On Thursday, shares of Remsons Industries Ltd gained 2.52 per cent to Rs 986.50 with an intraday high of Rs 1000 and an intraday low of Rs 936. The stock’s 52-week high is Rs 1,104.95 and its 52-week low is Rs 182. In February 2024, FIIs bought 1,56,500 shares or 2.24 per cent stake in the company and DIIs bought 14,670 shares or 0.21 per cent stake.

The company has a market cap of over Rs 500 crore and shares of the company have a PE of 57x, an ROE of 21 per cent & an ROCE of 16 per cent. The stock gave multibagger returns of 360 per cent in just 1 year, 1,000 per cent in 5 years and a whopping 6,500 per cent in a decade.

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