Record Date Announced For 10:1 Stock Split; 468.2 Per Cent Multibagger Return From Its 52-Week Low; Stock To Keep Under Radar
The stock gave multibagger returns of 468.2 per cent from its 52-week low of Rs 263.05 per share.
The Board of Directors of Wonder Electricals Limited announced a stock split in the ratio 10:1 i.e., For every 1 equity share having a face value of Rs 10 each into 10 equity shares having a face value of Re 1. The Board fixed the record date for the stock split as Tuesday, November 12, 2024.
The company has also taken a significant stride towards sustainable and green energy by investing in a 128-kilowatt solar power plant. This initiative marks a milestone in our dedication to clean energy practices. The solar power plant is strategically located at the Hyderabad Factory and has become fully operational. This strategic move aims to harness sustainable energy sources and mitigate electricity costs incurred during the production process. Beyond the immediate benefits of operational cost-savings, the solar power installation underscores the Company's commitment to building a sustainable and eco-friendly manufacturing plant. The company also exploring plans to install solar plants with even higher power-generating capacities at our other factories.
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Wonder Electricals Ltd manufactures and supplies various fans, established in 2014. They offer a wide range of products, including ceiling fans, exhaust fans, pedestal fans and brushless DC (BLDC) fans. The company operates under two business models: OEM (Original Equipment Manufacturer) and ODM (Original Design Manufacturer). In the OEM model, they manufacture products based on customer specifications. In the ODM model, they design and manufacture products in-house and then market them to customers. Wonder Electricals Ltd has two manufacturing facilities with a total installed capacity of 7.85 lakh fans per month.
On Thursday, shares of Wonder Electricals Ltd gained 0.40 per cent to an intraday high of Rs 1,494.70 per share from its previous closing of Rs 1,489 per share. The stock’s 52-week high is Rs 1,620 and its 52-week low is Rs 263.05. The company has a market cap of over Rs 1,980 crore and reported positive numbers in its Quarterly Results (Q1FY25) and annual results (FY24). The stock gave multibagger returns of 468.2 per cent from its 52-week low of Rs 263.05 per share. Investors should keep an eye on this small-cap stock in upcoming trading sessions.
Disclaimer: The article is for informational purposes only and not investment advice.