5:1 Stock Split & Rs 733 Million Order Book: Logistics Penny Stock In Green As Company Execution Agreement with Venus Rolling Mills Pvt Ltd

The stock is up by 35.3 per cent from its 52-week low of Rs 46.50 per share.

Tara Chand Infralogistic Solutions Limited has finalized an agreement with Venus Rolling Mills Private Limited for the acquisition of a 30,000 square meter land parcel within the Butibori MIDC area of Nagpur, Maharashtra, at a total cost of Rs 90,000,000. This transaction, aimed at expanding the company's operational capacity, involves no shareholding relationship between the two entities and grants no special rights to Venus Rolling Mills, such as director appointments or preferential share subscriptions. Furthermore, Venus Rolling Mills is confirmed to have no familial or corporate ties to Tara Chand Infralogistic's promoters, promoter groups, or affiliated companies.

On Tuesday, shares of Tara Chand InfraLogistic Solutions Limited gained 1.32 per cent to Rs 62.92 per share from its previous closing of Rs 62.10 per share. The stock is up by 35.3 per cent from its 52-week low of Rs 46.50 per share.

Tara Chand Infralogistic Solutions Limited is engaged in infrastructure construction projects and warehousing & transportation of steel. It has a fleet of large cranes, hydraulic piling rigs and concrete equipment. The company has a market cap of Rs 496 crore with a 3-year stock price CAGR of 81 per cent.

The company has an order book of Rs 733 crore as of December 31, 2024. The company's shares were traded at a 5:1 stock split on December 05, 2024, transforming each Rs 10 share into five Rs 2 shares. Investors should keep an eye on this micro-cap stock.

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