200 Per Cent Returns From 52-Week Low; Board Likely To Announce Bonus Shares; Hit Back-To-Back Lower Circuits
The shares of the company have a PE of 21x, an ROE of 6 per cent and an ROCE of 7 per cent.
On Tuesday, shares of VTM Ltd hit a 2 per cent lower circuit to Rs 195.35 per share from its previous closing of Rs 199.30 per share. The stock’s 52-week high is Rs 232.35 per share and its 52-week low is Rs 63.11 per share. In the recent trading sessions, the stock has been hitting back-to-back lower circuits.
VTM Ltd hereby informs you that a meeting of the Board of Directors of the Company will be held on April 16, 2025, to consider and approve a proposal for the issue of bonus shares and to approve an increase in the authorized share capital, if required.
Incorporated in 1951 and a part of the Thiagarajar Group, VTM Ltd specializes in weaving and the manufacturing of specialty fabrics with fine counts and complex specifications, catering to both export and domestic markets. Their extensive product portfolio includes grey weaving requirements and Greige & Processed Fabrics, featuring a diverse range of designs such as Structured, Dobby, Plain, Twill, Satin, and Jacquard, with widths spanning from 38” to 144”. Additionally, VTM Ltd offers specific fabric types like Cotton Dobby, Jacquard, Leno Dobby, Shirting Dobby, and Tencel Jacquard fabrics, alongside home textile products like Full and King Sheet Sets and Stripe Sateen Pillowcases.
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The company has a market cap of Rs 786 crore. The shares of the company have a PE of 21x, an ROE of 6 per cent and an ROCE of 7 per cent. The stock gave multibagger returns of over 200 per cent from its 52-week low of Rs 63.11 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.