Promoters Bought 16,66,240 Shares: Multibagger Stock To Keep Under Radar; Board Announces Stock Split From Rs 10 to Re 1
The stock gave multibagger returns of 420 per cent in just 3 years and a whopping 1,800 per cent in 5 years.
Shish Industries Ltd announced that its Board of Directors has approved the sub-division or split of its existing equity shares. This means that each existing Rs 10 share will be divided into 10 new shares Re 1 share. The company aims to enhance liquidity and encourage participation from small investors by making its shares more affordable. The record date for the split will be determined after obtaining shareholder approval and will be communicated subsequently. The company expects to complete the process within three months, subject to regulatory approvals and shareholder consent.
Shish Industries Ltd., established in 2012, is a prominent player in the manufacturing, trading, and marketing of PP Sheets and Rolls. The company specializes in innovative solutions for protective packaging, thermal insulation, and PE/PP woven fabrics. Notably, SIL was the first to develop and patent the 5-ply Polypropylene Corrugated Sheet and introduced the concept of Insulated water tank covers in India.
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Their product portfolio includes a wide range of industrial packaging materials, thermal insulation products, and woven fabrics. The company's commitment to quality and environmental sustainability is evident through its certifications, including ISO 14001:2015, BRC, HACCP, and ISO 9001:2015. Recognized as a Star Export House, SIL has established a strong presence in both domestic and international markets.
The company has a market cap of over Rs 400 crore and in October 2024, promoters bought 16,66,240 shares and increased their stake to 66.03 per cent compared to 64.47 per cent in September 2024. On Monday, shares of the company plunged 0.77 per cent to Rs 115.75 per share from its previous closing of Rs 116.65 with an intraday high of Rs 116.65 and an intraday low of Rs 112. The stock gave multibagger returns of 420 per cent in just 3 years and a whopping 1,800 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.