Multibagger from its 52-week low; Board announces stock split!

Multibagger from its 52-week low; Board announces stock split!

Kiran Shroff

The stock gave 145 per cent returns in just 1 year, 664 per cent in 2 years and over 2,400 per cent in 3 years.

Tirupati Tyres Ltd informed that the Board of Directors of the company have approved a stock split in the ratio 10:1 (i.e., sub-division/split of existing equity shares of the company from 1 equity share having face value of Rs 10 each fully paid up into 10 equity shares having face value of Rs 1 each fully paid up as of record date).

The reason for the splitting of shares was to enhance the liquidity of the capital market and to encourage the participation of investors.

Tirupati Tyres Ltd. retails automobile parts. The company offers tires and tubes for cycles, bicycles, tricycles, mopeds, scooters, motorcycles, auto rickshaws, tractors, trucks, and buses. Tirupati Tyres conducts business in India.

Talking about the financials, Tirupati Tyres has a market cap of Rs 112.15 crore with a 5-year stock price CAGR of 61 per cent. The company reported positive numbers in its Quarterly Results and annual results.

Want more insightful stories along with recommendations?
Get a 3-month subscription to experience the power of our flagship DSIJ Magazine (online edition) for just Rs 800/- Click here to subscribe now

On Friday, shares of Tirupati Types Ltd plunged 2 per cent lower circuit to Rs 45.88 per share from its previous closing of Rs 46.81. The stock has a 52-week high of Rs 59.77 and a 52-week low of Rs 12.85.

The stock gave multibagger returns of 257.05 per cent from its 52-week low of Rs 12.85 per share. Additionally, the stock gave 145 per cent returns in just 1 year, 664 per cent in 2 years and over 2,400 per cent in 3 years. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice. 

Previous Article High ROCE high ROE multibagger stock; Board announced bonus shares and stellar quarterly results!
Next Article 650 per cent returns: This multibagger pumps manufacturing company receives on order worth Rs 3.63 crore from Grasim Industries Limited!
Rate this article:
3.7

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR