Shares of this textile company which skyrocketed 656 per cent in less than 2 months, will shortly announce a share split and bonus issue

Today, the stock opened at 5 per cent upper circuit and was locked there for the remaining session.

Incorporated in 1985, Alstone Textiles (India) Ltd, formerly known as Shalini Holdings is engaged in the business of trading in fabric and investment.   

   Shares of this multibagger realty stock opened to an all-time high in today’s session at Rs 119.20, at which it was locked in an upper circuit of 5 per cent. Shares of Alstone Textile have been highly volatile, hitting the upper price band of 5 per cent for the sixth consecutive trading session.         

  Shares of Alstone Textile have skyrocketed in a very small timeframe, giving 163 per cent price returns in the last one month and 656 per cent price returns in less than 2 months.  

  Shares of this BSE ‘XT’ Group stock command a market capitalisation of Rs 144.75 crore, and owing to its highly volatile nature, is not available for intraday trades. 

The company’s board is scheduled to meet on November 10 to approve a split of the equity shares of the face value of Rs 10 to Re 1, to increase the authorised share capital and declaration of bonus issue.