Small Cap Stock With More Than 1400% Return In 3 Yrs Soon To Consider Stock Split

Tips Industries, a small-cap stock has recently, in its regulatory filing to BSE/NSE informed about the stock split that it would consider and approve. The company operates in the Media & Entertainment Sector and is engaged in film/TV and production and distribution. The stock maintains a good history of dividends and has declared 17 dividends. It has a market capitalisation of Rs 2,112.72 crore.

Tips Industries' Stock Performance

The current market price (CMP) of the stock is Rs 1,597.30 apiece on NSE, 1.95% down from its previous close of Rs 1,629.10 apiece. On January 31, 2022, it hit its 52-week high at Rs 2,420 apiece and on June 14, 2022,  it hit its 52-week low at Rs 1,250.10 apiece, respectively. 

Over the past 1 week, it has fallen 5.24%. Whereas, in the past 1 and 3 months, it has fallen 14.54% and 7.41%, respectively. Over the past 1 year, it has fallen 31.25%. However, in the past 3 years, it gave a whooping 1,405.47% healthy returns. Whereas in the past 5 years, it gave 1,365.41% healthy returns.

Tips Industries' Stock Split

The Board of Directors of Tips Industries Ltd. in its regulatory filing on January 25, 2023, has said, "Pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, notice is hereby given that meeting of the Board of Directors of the Company is scheduled to be held on Monday, February 13, 2023, inter alia, to consider and approve the proposal for sub-division of the Equity shares of the Company of face value of Rs.10/- (Rupees Ten each) 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."

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