High ROE & high ROCE multibagger stock; Board likely to announce bonus shares and dividend!
The stock gave multibagger returns of 240 per cent in just 2 years whereas BSE small-cap is up by just 34 per cent.
Roto Pumps Ltd informed that a meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, May 23, 2023 at the Registered Office of the company situated at ‘Roto House', Noida Special Economic Zone, Noida, UP-201305, India inter-alia to:
1. Consider, approve and take on record the standalone and consolidated audited financial results of the company for the fourth quarter and the financial year ended on March 31, 2023.
2. Consider the recommendation of a final dividend, if any, on the equity shares of the company for the financial year ended March 31, 2023.
3. Consider the issue of bonus shares to the equity shareholders of the company.
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On Friday, shares of Roto Pumps surged 1.56 per cent to an intraday day of Rs 661.25 per share from its previous closing of Rs 648.60. At 03:30 pm, shares of the company were trading at Rs 653 per share, up 0.11 per cent. In the recent trading session, the stock is hitting back-to-back 52-week highs.
Roto Pumps is the pioneer manufacturer of progressive cavity pumps in India, renowned for providing efficient and reliable pumping solutions to a diverse range of industries.
The company reported positive numbers in its Quarterly Results and annual results. The company has delivered good profit growth of 41.40 per cent CAGR over the last 5 years.
The stock gave multibagger returns of 240 per cent in just 2 years whereas BSE Small-Cap is up by just 34 per cent. Investors should keep an eye on this stock.