Multibagger Penny Under Rs 100 Hit Upper Circuit as Board is Likely to Raise Funds by Way of Issue of One or More Instruments

The stock gave multibagger returns of 550 per cent in just 3 years and a whopping 6,000 per cent in 5 years.

On Monday, shares of W S Industries (India) Ltd hit a 2 per cent upper circuit to an intraday high of Rs 85.68 per share from its previous closing of Rs 84 per share. The stock’s 52-week high is Rs 185.10 per share and its 52-week low is Rs 63.55 per share.

A meeting of the Board of Directors of W.S. Industries (India) Limited is scheduled for Friday, June 27, 2025. The primary agenda for this meeting is to consider a proposal for raising funds. This fundraising could involve the issuance of various instruments, such as equity shares, convertible securities, warrants, or debt securities. The company is exploring different methods for this fundraising, including a preferential issue, private placement, rights issue, or other legally permissible methods or combinations thereof. Any decision will be subject to obtaining all necessary regulatory and statutory approvals, including the crucial approval of the company's shareholders.

W. S. Industries (India) Ltd, founded in 1961, is an infrastructure development, EPC and electrical project company. They handle government and global infrastructure projects, commercial buildings, and specialise in electrical substations and transmission lines up to 765kV. Their work includes drainage improvements in Tamil Nadu and a new integrated bus terminal. Key clients include state electricity boards and various infrastructure firms.

The company has a market cap of over Rs 500 crore with a 5-year stock price CAGR of 120 per cent. The stock gave multibagger returns of 550 per cent in just 3 years and a whopping 6,000 per cent in 5 years.

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