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