Multibagger Textile Stock Under Rs 60; Board Announces Record Date For 10:1 Stock Split
The stock is up by 80 per cent from its 52-week low of Rs 33 per share and gave multibagger returns of over 500 per cent in 5 years.
Mohite Industries Ltd. has announced a sub-division or split of its equity shares. This means that each existing share with a face value of Rs 10 will be divided into 10 new shares, each with a face value of Re 1. The board fixed the record date for the stock split as Friday, January 31, 2025.
Stock last traded on Monday, January 6, 2025, where the shares of Mohite Industries Ltd. hit a 2% lower circuit, closing at Rs 59.48 per share, down from its previous closing of Rs 60.69. The stock's 52-week high is Rs 163.45 per share, and its 52-week low is Rs 33 per share.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, do download the service details here.
Mohite Industries Ltd., a textile company founded in 1990, produces high-quality cotton yarn and gray knitted fabric. The company's state-of-the-art facility in Vadgaon, near Kolhapur, uses advanced technology to meet global standards. With a strong focus on innovation and customer satisfaction, Mohite Industries Ltd. is committed to delivering premium products and services.
The company has a market cap of Rs 119.55 crore with a PE of 22x, an ROE of 2 per cent and an ROCE of 6 per cent. The stock is up by 80 per cent from its 52-week low of Rs 33 per share and gave multibagger returns of over 500 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.