110% Gain YTD: Multibagger Stock Locked In 2% Upper Circuit On Stock Split Discussion

A small-cap NBFC is Trishakti Electronics And Industries Ltd. Founded on September 9, 1985, Trishakti Electronics and Industries Ltd is a public company. It is registered with the Registrar of Companies in Kolkata and is categorised as a non-government company. The firm has become one of Dalal Street's multibagger stocks, but what's even more intriguing for small investors is that the Board of Directors meeting is scheduled for Monday, November 14, 2023, to discuss and approve a stock split.

"Notice is hereby given that the meeting of Board of Directors of the Company will be held on Monday, November 14, 2023 to consider and approve the following: 1. Un-audited Standalone and Consolidated Financial Results along with Limited Review Report of the Company for the provisional Un-audited Financial Results for the 2nd quarter and half year ended on 30th September 2023 for the Financial Year ended on 31st March 2024; 2.

Proposal for sub-division of the Equity shares of the Company having a face value of Rs. 10/- each in such manner as may be determined by the Board of Directors; 3. Alteration of Authorised Share Capital clause and Object clause of the Company; 4. Approve the draft notice of Postal Ballot 5. Fix the Book Closure date 6. Appoint scrutinizer to ascertain voting process of Postal Ballot and; 7. Any other business with the permission of chair," said the company in a stock exchange filing.

Trishakti Electronics & Industries Ltd. is an IT and IP solutions and services provider that was founded in 1985.
On Friday, the shares of Trishakti Electronics & Industries Ltd closed on the BSE at a 2% upper circuit limit of Rs 105.26 apiece. The stock reached a 52-week-high of Rs 105.26 (10/11/2023) and a 52-week-low of Rs 30.07 (17/07/2023), implying that at the current market price, the stock is trading 250.04% higher from its 1 year low after a reaching a fresh 1 year high on Friday. In the last 1 year, the stock has generated a multibagger return of 106.39% and on a YTD basis, the scrip has gained 110% so far in 2023.

During Q2FY24, the company reported promoters' shareholding of 36.09% and public stake of 63.91%.