Multi-bagger Update: Back-to-back upper circuit seen in this stock trading at a fresh 52 week high
The stock has given multi-bagger returns of 120 per cent in just 1 month whereas BSE Sensex is up by 1.2 per cent in 1 month.
One of the Top Gainers on the BSE today, shares of Narmada Gelatines Ltd surged and reached an upper price band of Rs 489.10 per share, after being locked in the 10 per cent upper circuit. Shares also traded at a new 52-week high of Rs 489.10 apiece. Over the last few trading sessions, the stock has made a series of the upper circuit and 52-week highs.
The company has declared a special interim dividend payout of Rs 100 per share i.e., 1000 per cent of its face value of Rs 10 each, fully paid up and hence the stock price has risen dramatically. The corporation verified that the record date for the special dividend payout is December 19, 2022. As a result of recent vigorous trading activity and dividend payout, the company's stock price has risen dramatically today.
Narmada Gelatines Ltd is engaged in the manufacture and sale of Ossein and Gelatine. The corporation’s maximum shareholding is held by the promoters of the organization which is 75 per cent as of September 2022. The company has reported excellent results in its quarterly and annual financial consolidated statements.
The stock has given multi-bagger returns of 120 per cent in just 1 month whereas BSE Sensex is up by 1.2 per cent in 1 month. Investors should keep an eye on this stock.