Multibagger Small Cap Stock Sets Record Date For Stock Split: Key Takeaways

Pressure Sensitive Systems (India) Ltd is a small cap company that operates in Plastics Sector stock. The company has a market capitalisation of Rs 132 crore. The company has fixed record date for stock split and it is November 16, 2022. Check key takeaways below:

1. Pressure Sensitive Systems Sets Record Date For Stock Split

The board of directors of the company stated in their BSE filing dated October 28, 2022, "The Company has fixed Wednesday, November 16, 2022 as Record Date, for the purpose of Sub-Division of Equity Shares as approved by the shareholders at the 35th Annual General Meeting of the Company held on September 30, 2022."

2. Pressure Sensitive Systems Stock Outlook

The current market price of Pressure Sensitive is Rs 89 apiece with 52-week high at Rs 202 and 52-week low at Rs 12 apiece. The stock has given return of 227% in last 3 months and 607% in last 6-months. The stock has registered highest recovery from 52-week low.

3. About Pressure Sensitive

The small cap company is engaged in the manufacturing of cloth tapes. It produces nylon, rayon, cotton, and fiberglass tapes. It produces and sells several coated products in India. It offers electrical insulations, industrial tapes, metalized threads, and magnetic threads. Pressure Sensitive is based in Mumbai, India. It came into existence in 1987.

Its chief promoters have a combined experience of over 60 years in this field. Pressure Sensitive went public in 1995. It has two factories one at Pen at its registered office and the second one at District Solan, HP. It is worth noting that the two plants have a combined built-up area of 18,000 square feet on freehold land of 52,000 square feet.

Disclaimer

The stock specifies details of record date of stock split. Greynium Information Technologies and the Author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.