Multibagger NBFC Stock Okays Stock Split; Gains Over 270% In 6 Months

At the close of trading on Friday, Trishakti Industries, an NBFC, had a market capitalization of Rs 43.70 Cr. A stock split announced in 2024, Trishakti Industries is still rewarding its shareholders in 2024 despite being one of the multibagger stocks that Dalal Street created in 2023.

"In terms of Regulation 30 of the SEBI (LODR) Regulation, 2015, please be informed that the shareholders of the Company have passed the Resolution for Stock Split / Sub Division of Equity Shares of the Company from the face value of Rs. 10/- to face value of Rs. 2/- per share through postal ballot concluded yesterday. The Copy of the Scrutinizer's Report has already been sent to you separately," said Trishakti Industries in a stock exchange filing.

The company reported a net income of Rs 35.75 Cr in the quarter ended September 2023 compared to Rs 2.82 Cr during the quarter ended September 2022. Its net expenses reached Rs 35.51 Cr which was Rs 2.21 Cr in the same quarter of FY23. The company recorded an EBIT of Rs 0.24 compared to Rs 0.60 Cr whereas its net profit reached Rs 0.21 Cr in Q2FY24 as opposed to Rs 0.43 Cr in Q2FY23.

On Friday, the shares of Trishakti Industries closed 1.98% higher on the BSE at Rs 147.10 apiece. The stock price went up from Rs 19 to the current market price during the previous five years, resulting in a multibagger return of 674.21%. The stock price went up from Rs 7.16 to the current market price during the previous three years, resulting in a multibagger return of 1,955%. The stock price jumped from Rs 50.25 to the current market price in the past year, yielding a 192.74% multibagger return. The stock price soared from Rs 38.90 to the current market price in the previous six months, resulting in a multibagger return of 278.15%.

The scrip reached a 52-week-high of Rs 159.50 on (18/12/2023) and a 52-week-low of Rs 30.07 on (17/07/2023).