Multibagger solar pump manufacturing stock with 1,400 per cent returns; Board announces 2:1 stock split after 1:1 bonus share!
The stock gave multibagger returns of 430 per cent returns in 3 years and a whopping 1,400 per cent in a decade.
On Monday, shares of Roto Pumps Ltd plunged 8.20 per cent to Rs 602.45 per share from its previous closing of Rs 656.25. From a 52-week low (Rs 300.45) to Rs 602.45, the stock gave multibagger returns of over 100 per cent in just 5 months.
Roto Pumps is a well-known company that provides efficient and reliable pumping solutions to a variety of industries like marine & defence, wastewater, renewable energy, mining, etc. The company exports to over 50 countries. Talking about the finances, the company is a Small-Cap having a market cap of Rs 1,892 crore and reported positive numbers in its Quarterly Results (Q1FY25) and annual results (FY24).
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The company's Board of Directors has proposed to reduce the face value of each equity share from the current Rs. 2.00 to Rs. 1.00. This means that each existing share will be divided into two new shares, each with a face value of Rs. 1.00. Earlier, the shares of the company ex-traded bonus shares in a 1:1 ratio which had an ex-record date as July 07, 2023.
The company's shares have an ROE of 22 per cent and an ROCE of 24 per cent. The stock gave multibagger returns of 430 per cent returns in 3 years and a whopping 1,400 per cent in a decade. Investors should keep an eye on this multibagger solar pump manufacturing company’s stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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