Promoters Bought 16,66,240 Shares: Multibagger Stock To Keep Under Radar; Board Announces Record Date for 10:1 Stock Split
The stock gave multibagger returns of 350 per cent in just 3 years and a whopping 1,550 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 Board fixed the record date for the stock split as Tuesday, December 17, 2024.
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.
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.
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The company has a market cap of Rs 397 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 Friday, shares of the company gained 4.25 per cent to Rs 111.50 per share from its previous closing of Rs 106.95 with an intraday high of Rs 115.75 and an intraday low of Rs 106.30. The stock gave multibagger returns of 350 per cent in just 3 years and a whopping 1,550 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.