Multibagger in just 6 months: Don't miss action in this stock that has announced bonus shares and stock split!
The stock gave multibagger returns of 287.83 per cent in just 6 months and 662.44 per cent in the last 1 year.
One of the Top Gainers on BSE today, shares of Captain Pipes Ltd surged 5 per cent upper circuit to Rs 670.90 per share from its previous closing of Rs 639. The stock gave multibagger returns of 287.83 per cent in just 6 months and 662.44 per cent in the last 1 year.
The multibagger Small-Cap company informed the BSE that it has approved the issue of bonus shares in the ratio 2:1 and stock split in the ratio 1:10 held by the company's equity shareholders as of the record date. The company verified the record date as Thursday, March 02, 2023.
Captain Pipes Ltd is an SME (small and medium enterprises) stock. It is engaged in manufacturing a range of uPVC pipes and fittings. The company provides high-impact uPVC threaded column pipes, plumbing pipes, pressure pipes, casing pipes, plumbing fittings and agri fittings. Captain Pipes serves customers in India.
In terms of annual financial statements, the company reported excellent results. In comparison to FY21, the net sales and net profit skyrocketed to 104.46 per cent and 1759.78 per cent respectively in FY22. The company has a market cap of Rs 312 crore with a one-year CAGR of 602 per cent.
The stock has a 52-week high of Rs 790 and a 52-week low of Rs 79. Today, the shares of the company saw a spurt in volume by more than 2.92 times on BSE. Investors should keep an eye on this SME stock.