Hot Stock: This multibagger small-cap stock launches AI-generated TV advertisements and likely to raise funds via rights issue!
The stock gave multibagger returns of 350 per cent in 3 years and a whopping 1,000 per cent in a decade.
Rushil Decor Ltd (BSE: 533470, NSE: RUSHIL) a leading company in laminate and MDF panel boards, launched an AI-generated television advertisement with the key message “MDF means VIR MDF”.
The company has always been at the forefront of adopting new technologies for better customer connections. This festive session, the company has harnessed the power of AI technology to create a VIR MDF TV ad, which is a first in the MDF segment. The new TVC weighs in on the power of MDF, which is a better alternative to plywood and other wood-based panels.
The campaign titled, ‘MDF means VIR MDF” introduces a mascot who personifies the strength and durability of VIR MDF. It encourages carpenters, interior decorators, architects, end consumers, OEMs, furniture manufacturers and people at large, to embrace VIR MDF for durable and stylish furniture, shelves, doors, cabinets and other applications.
Fundraise Update: The Board of Directors of the company is scheduled to be held on Thursday, October 26, 2023, inter alia: to consider and approve the raising of funds by issue of equity shares, or any other financial instruments convertible into equity shares (including warrants, or otherwise) by way of preferential allotment or private placement or qualified institutions placement or right issue basis or any combination thereof or any other method as may be permitted under applicable laws.
On Friday, shares of Rushil Décor Ltd surged 3.03 per cent to Rs 360.80 per share from its previous closing of Rs 350.15. The stock’s 52-week high is Rs 438.18 and its 52-week low is Rs 202.37. The company falls under the BSE Small-Cap Index and has a market cap of Rs 935 crore.
The stock gave multibagger returns of 350 per cent in 3 years and a whopping 1,000 per cent in a decade. Investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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