Penny stock under Rs 100 to keep under the radar as Board is likely to announce stock split!
The stock is up by 57 per cent from its 52-week low of Rs 49.68 per share.
Rajshree Polypack Ltd informed that the meeting of the Board of Directors of the company is scheduled to be held on Tuesday, August 06, 2024, to consider and approve the following business transactions:
1. To consider and approve the proposal of sub-division/split of the equity shares of the company in such manner as may be determined by the Board of Directors, subject to approval of the members and such regulatory/statutory authorities as may be required.
2. Any other business matter with the permission of the chair
Rajshree Polypack Ltd, established in 2011, is a leading manufacturer of plastic packaging solutions. Specializing in barrier plastic sheets, thermoformed packaging, and injection moulded products, the company caters to the dairy, food, and beverage industries. Their product range includes polypropylene, high barrier sheets, PET, HIPS, laminated sheets, and packaging solutions for various sectors. With three manufacturing units and a capacity of 25,000 MT, Rajshree Polypack serves renowned clients like Epigamia, Nestle, Havmor, Mother Dairy, Amul, Ferrero, Britannia, Kellog's, Cafe Coffee Day, Gowardhan, etc.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
On Friday, shares of Rajshree Polypack Ltd gained 0.42 per cent to Rs 78 per share with an intraday high of Rs 81.40 and an intraday low of Rs 75. The company has a market cap of Rs 286 crore. The stock is up by 57 per cent from its 52-week low of Rs 49.68 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
Also Read: Double Dhamaka! 5:1 stock split & Rs 2.50/share dividend: 1,100 per cent multibagger returns in this high ROE & high ROCE stock!
Related articles
-
Salt Manufacturer Bags New Order Worth Rs 21,86,39,777.04 from Food & Consumer Affairs Department, Jharkhand Government
-
LIC-backed multibagger penny stock under Rs 25 - Could it be the next Suzlon Energy? Board announces rights issue for business expansion; target for 1 GW capacity!
-
Stock at Rs 130.05 from the pharmaceuticals industry hit upper circuit as Board announces 1:1 bonus share; Record date inside!
-
Rs 50,00,00,000 project: Multibagger penny stock under Re 1 hit the upper circuit as the company signs MoU with Omkar Films and Raj Television
-
Double Dhamaka! Board announced record date for 1:1 bonus share, 2:1 stock split: Promoters bought 9,66,690 shares!