Multibagger in just 6 months: Don't miss action in this stock that has announced bonus shares and stock split!
The stock gave multibagger returns of 414.9 per cent in just 6 months and 1,115.1 per cent in the last 1 year.
Shares of Capital Pipes Ltd were one of the Top Gainers on the BSE today, surged 10 per cent upper circuit to Rs 726 per share from its previous closing of Rs 660. In addition, the stock reached a new 52-week high of Rs 726 per share. The stock gave multibagger returns of 414.9 per cent in just 6 months and 1,115.1 per cent in the last 1 year.
The multibagger Small-Cap company informed the BSE that it has approved the issue of 2 bonus shares for 1 equity share held by the company's equity shareholders as of the record date, as well as an alteration in the company's capital by a stock split of 1 equity share of the company with a face value of Rs 10 into 10 equity shares of the company with a face value of Rs 1 each.
Captain Pipes Ltd is an SME (small and medium enterprises) stock. It is engaged in manufacturing a range of uPVC pipes and fittings. The company provides high-impact uPVC threaded column pipes, plumbing pipes, pressure pipes, casing pipes, plumbing fittings and Agri fittings. Captain Pipes serves customers in India. Today, shares of the company saw a spurt in volume by more than 4.86 times on BSE.
In terms of annual financial statements, the company reported excellent results. In comparison to FY21, the net sales and net profit skyrocketed to 104.46 per cent and 1759.78 per cent respectively in FY22. The company's shares have an ROE of 44.02 per cent and a ROCE of 43.52 per cent, with a one-year CAGR of 1018 per cent. Investors should keep an eye on this SME stock.