Small Cap Stock, 8% Away From 52-Week Low, To Conduct Stock Split; 5 Years Return 6416%

1. Sanmit Infra Limited Sets Record Date For Stock Split

The board of directors of the company has decided to carry out stock split. The company in its regulatory stated, "Pursuant to Regulations 30 & 42(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that Board Meeting of the Company was held today i.e. on Tuesday, October 4 ,2022 at 12:30 p.m. at the registered office of the Company, inter-alia : a.) The company has Fixed Monday, i.e 31st October 2022 as the Record date, to ascertain the name of Shareholders entitled for Sub-division/split of equity shares of split/sub-division of Company''s one (1) equity share of face value of Rs. 10/- each into Ten (10) equity shares of face value of Rs. 1/- each."

2. Sanmit Infra Limited Stock Outlook

The last trading price of the stock is Rs 547 apiece with an intraday gain of 3.68%. The 52-week high is Rs 550 apiece and 52-week low is Rs 188. Currently, the shares of the company is trading just 8% away from 52-week low.

3. Sanmit Infra Limited Market Capitalisation

The small cap company has a market capitalization of Rs 864 crore.

4. Sanmit Infra Limited 5-Years Return

The stock has given multibagger returns to investors with 5-years return at 6416%, 3-years return at 1700%, and 1-year return at 180%. The stock has risen 25% in 3 months and 14% in last 1 month.

5. Sanmit Infra Limited About

Sanmit Infra Limited is engaged in the distribution of petroleum in India. The company operates through three segments: Realty and Infrastructure, Petroleum, and Trading. It offers petroleum products, such as lubricants, public distribution system kerosene, furnace oil, light diesel oil, base oil, and bitumen.