Multibagger Textile Stock To See Stock Split Soon: Key Takeaways For Investors

PDS Limited (erstwhile PDS Multinational Fashions Limited) is a global end-to-end sourcing and manufacturing platform serving the world's leading brands and retailers. From apparel to home and everything in between, PDS offers its retail partners a broad spectrum of products. Leveraging global strengths, it provides a complete solution from design to production for an array of products like apparel, footwear, accessories, home, and more.

The company has a market capitalization of Rs 4534 crore. The board of directors of the company on August 1 approved stock split and fixed August 29, 2022 as the record date.

1. PDS Ltd Approves Stock Split

The board of directors of PDS Ltd held a meeting on August 1 and stated in their regulatory filing, "The Company has fixed Monday, August 29, 2022 as the Record Date for determining the eligibility of Shareholders for sub-division /split of Equity Shares of 1 (One) Equity Share having Face Value of ₹10/‐ each into 5 (Five) Equity Shares having Face Value of ₹2/‐ each, pursuant to Regulation 42 of SEBI Listing Regulations."

2. PDS Ltd Q1 FY23 Result

PDS Ltd's on consoldiated basis reported a total income and loss of Rs 2343.06 Cr and Rs 37.02 respectively for quarter ending June 30, 2022. Total Income and profit for the year ending 2022-03-31 was Rs 8914.24 Cr and Rs 248.41 Cr.

3. PDS Ltd Stock Outlook

The current market price of the stock is Rs 1737 apiece with a 52-week high at Rs 2099 apiece and a 52-week low at Rs 1133 apiece.

Multibagger returns: The stock has given multibagger returns with 611% return in 5 years, 428% return in 3 years, and 24% return in 1 year.

4. About PDS Ltd

PDS Limited is engaged in designing, developing, sourcing, manufacturing, and distributing several readymade garments and other consumer products in India and internationally. The company provides several apparel solutions for women, men, essentials, kids, and babies; licensed apparel products; footwear; accessories, including bags, belts, hats, scarves, winter warmers, and small leather goods for ladies, men, and kids; home products; and several beauty products.