Multibagger Semiconductor Stock Hit Upper Circuit as Board is Likely to Announce Bonus Shares; Stock Split & Dividend
The shares of the company have an ROE of 16 per cent and an ROCE of 20 per cent.
On Tuesday, shares of RIR Power Electronics Ltd hit a 5 per cent upper circuit to Rs 1,950.10 per share from its previous closing of Rs 1,857.25 per share with a spurt in volume by more than 1.14 times on the BSE. The stock’s 52-week high is Rs 4,878.60 per share and its 52-week low is Rs 1,414.45 per share.
RIR Power Electronics Ltd informed that a meeting of the Board of Directors of the Company will be held on Thursday, May 29, 2025, inter alia, to:
- Consider and approve the Audited financial results of the Company (Standalone and Consolidated) for the quarter and financial year ended 31st March, 2025.
- Consider and recommend the final dividend to the equity shareholders of the company for the financial year 2024-25, if any.
- Consider and approve an increase in authorised equity share capital of the company and a subsequent alteration to the memorandum of association of the company.
- Consider proposal for issue of bonus shares, under the applicable provisions of the Companies Act, 2013 (including the rules framed thereunder), and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018; and.
- Consider proposal of sub-division/ split of existing equity shares having a face value of Rs 10 each, in accordance with the applicable provisions of the Companies Act, 2013 (including the rules framed thereunder) and SEBI Listing Regulations, 2015.
- Any other agenda items with the permission of the chairman of the meeting.
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About the Company
RIR Power Electronics Ltd, established in 1969 and formerly known as Ruttonsha International Rectifier Ltd, is a global semiconductor company that manufactures power semiconductors. They have had a technological association with International Rectifier, USA, for over two and a half decades. RIR manufactures products ranging up to 9000V and 6000A, including rectifier diodes, phase control thyristors, inverter grade thyristors, power modules, diode bridge rectifiers, customised high-power rectifiers, battery chargers and railway equipment.
RIR Power Electronics is listed on the Bombay Stock Exchange (BSE) and has a market capitalisation is over Rs 1,400 crore. The shares of the company have an ROE of 16 per cent and an ROCE of 20 per cent. The stock gave multibagger returns of 575 per cent in 3 years and a whopping 6,450 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.