In the financial year 2022-2023, the company conducted a stock split, reducing the share value from Rs 10 to Rs 1, with a record date set on June 27, 2022.

The stock gave multibagger returns of 117.56 per cent in just 6 months, while the BSE Small-cap Index rose 9.10 per cent.

The circuit limit being revised from 10 per cent to 5 per cent has jumped nearly 138 per cent in the last one-month performance, hence, the stock turned multibagger.

The board has also approved the enhancement of borrowing limits from Rs 500 crore to Rs 700 crore.

The stock hit a high of Rs 279 in the early trade on Tuesday after the company announced that the board of directors will meet on April 30, 2022, to consider a stock split proposal. Salasar Techno Engineering Ltd has recently outperformed the market by a significant margin. The stock has gained 15 per cent in the last one month as compared to a 1.38 per cent fall in S&P BSE Sensex.