Multibagger Penny Stock Under Rs 10 Locked In Upper Circuit; Board Likely To Announce Stock Split

The company has a market cap of Rs 56.7 crore and the stock gave multibagger returns of 119.3 per cent from its 52-week low of Rs 2.64 per share.

Shangar Decor Ltd informed you that a meeting of the Board of Directors will be held on Monday, January 20, 2025, at to consider the following matters:

• To consider and approve the proposal of sub-division/split of equity shares of the company, subject to the approval of regulatory/statutory authorities and the shareholders of the company at the extra-ordinary general meeting
• Any other items with the permission of the chairperson.

Established in 1970, Shangar Decor Ltd specializes in providing event-based services. Their offerings encompass a wide range of services, including online and offline solutions for social and cultural events. The company focuses on delivering customized experiences through unique wedding themes, pre-wedding decor for various functions, and event decoration for corporate and religious occasions.

Shangar Decor Ltd caters to a diverse clientele by offering a comprehensive suite of services. These include primary event services, pre-wedding decor for functions like Garba and Mehendi, corporate event decoration, and services for religious events. Additionally, the company provides specialized services such as light decor and catering, offering a complete solution for event planning and execution.

On Tuesday, shares of Shangar Decor Ltd hit a 2 per cent upper circuit to Rs 5.79 per share from its previous closing of Rs 5.68 per share. The stock’s 52-week high is Rs 12.05 per share and its 52-week low is Rs 2.64 per share. The company has a market cap of Rs 56.7 crore and the stock gave multibagger returns of 119.3 per cent from its 52-week low of Rs 2.64 per share. Investors should keep an eye on this penny stock in upcoming trading sessions.

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