Multibagger textile stock under Rs 60 jumps over 12 per cent from the intraday low: Board announces 10:1 stock split; Keep under the radar!
Multibagger textile stock under Rs 60 jumps over 12 per cent from the intraday low: Board announces 10:1 stock split; Keep under the radar!

Multibagger textile stock under Rs 60 jumps over 12 per cent from the intraday low: Board announces 10:1 stock split; Keep under the radar!

From Rs 17.26 (52-week low) to Rs 51.99 per share, the stock gave multibagger returns of over 200 per cent.

Kiran Shroff Article rating: 4.2

The shares of the company have a PE of 15x whereas the industry PE is 32x. 

Explained: The concept of stock split and reverse stock split
Explained: The concept of stock split and reverse stock split

Explained: The concept of stock split and reverse stock split

A split increases the number of shares while decreasing the face value of the investment but the total value remains the same.

Bhavya Rathod Article rating: 4.4

A stock split is a corporate action in which a company increases the number of shares by lowering the stock's face value

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