Multibagger Construction Stock Under Rs 50 To Soon Consider Stock Split, Up 27.84% In 1 Week

The shares of Shashijit Infraprojects hit new 52-week high on Wednesday at Rs 43.90 per share on BSE. The stock is set to consider a stock split next month on Sept 05, 2023.

The board of directors of the company in a regulatory filing on Aug 19, 2023, informed that it shall consider and approve the proposal for a split of the Equity shares of the Company having a face value of Rs.10/- each fully paid.

"a meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, 5th September, 2023 inter alia to consider and approve the proposal for split of the Equity shares of the Company having face value of Rs.10/- (Rupees Ten) each fully paid up in such manner as may be determined by the Board of Directors and subject to approval of the shareholders and such authorities as may be required," the Board said in a filing.

It added, "As intimated on BSE Limited vide our intimation dated 19th August, 2023, trading window is already closed for all Designated Persons and their Immediate Relatives of the Company from 19th August, 2023 till the expiry of Forty-Eight (48) hours from the conclusion of the Board of Directors Meeting."

Shares of Shashijit Infraprojects on Wednesday closed 42.06 per share on BSE, up 1.67%. It gained 27.84% in 1 week. In 1 year, it gave 127.97% multibagger return. It gave 41.38% positive return in 2 years, 55.78% in 2 years and 61.09% in 5 years, respectively.

The stock hit 52-week high on Aug 30, 2023, at Rs 43.90 per share and 52-week low on Sept 12, 2022, at Rs 14.35 per share.

Shashijit Infraprojects Ltd. is a construction company engaged in constructing, building, and developing Industrial Infrastructure Facilities, Driveways, Public Utilities, Powerhouse Buildings, Factories, and other immovable properties. It is a microcap construction company having a market cap of Rs 43.51 Crore.

Disclaimer- The stock just highlights the Stock Split and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.