Rs 104.60 Crore Order Book: Logistics Stock To Keep Under Radar As Board Announces 5:1 Stock Split; Check Record Date Inside
The stock is up by 42 per cent from its 52-week low of Rs 268.40 per share.
Tara Chand Infralogistic Solutions Limited is engaged in infrastructure construction projects and warehousing & transportation of steel. It has a fleet of large cranes, hydraulic piling rigs and concrete equipment. The company has a market cap of Rs 599 crore with a 3-year stock price CAGR of 81 per cent.
Tara Chand Infralogistic Solutions Limited has announced that Thursday, December 05, 2024, has been designated as the 'Record Date' to determine the eligibility of its shareholders for the subdivision/split of each fully paid-up equity share, currently valued at Rs 10, into 5 fully paid-up equity shares, each valued at Rs 2. This subdivision will result in an increase in the total number of shares, but the overall equity value of the company will remain unchanged.
Earlier, the company has made a significant stride in its journey by securing a Rs 10.50 crore contract from JK Cement Ltd. The company will undertake the piling works for JK Cement's new greenfield cement plant in Buxar, Bihar. To ensure timely and efficient execution, Tara Chand will leverage its existing fleet of specialized equipment, including piling rigs, excavators, and cranes, along with a skilled workforce. This contract marks a pivotal moment for the company, transitioning from sub-contracting to direct execution of piling works. It solidifies Tara Chand's position as a major player in the industrial piling sector and presents promising growth opportunities within its Construction Equipment Rental Segment. The company is dedicated to completing the project within the stipulated timeframe of Q3 and Q4 of FY25.
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On Thursday, shares of Tara Chand InfraLogistic Solutions Limited plunged 0.71 per cent to Rs 379.80 per share with an intraday high of Rs 388.85 and an intraday low of Rs 371. The stock is up by 42 per cent from its 52-week low of Rs 268.40 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.