Stock Split Postponed: Board Of Multibagger Textile Stock To Consider Stock Split Soon

1. Board Of Indo Cotspin To Soon Approve Stock Split

The board of directors of the company said in the BSE filing as on November 30, 2022, "1. The Board of Directors of the Company have postponed the approval of Sub-division (split) of Equity Share of the Company having a face value of Rs. 10/- each (fully paid- up) into one (1) Equity Share of face value of Re. 1/- each (fully paid-up) & Alteration of authorized share capital clause of the Company in the Memorandum of Association and the same will be considered in next Board Meeting."

 

2. Indo Cotspin Stock Outlook

The current market price of the textile stock is Rs 70 apiece with an intraday decline of 5%. The stock's 52-week high is Rs 102 apiece and 52-week low is Rs 14 apiece, respectively.

3. Indo Cotspin Return

The stock has given multibagger returns to shareholders. In the last 5-years, the stock has given 457% return, 29% return in last 1-year, and 115% in last 6-months. The stock has given 305% return in last 3-months and declined nearly 6% in last 1-month. In last 1-week, the shares have fallen nearly 15%.

4. Indo Cotspin About

Indo Cotspin is an exporter, manufacturer, importer, trader and supplier. The primary competitive advantages of the company include qualitative products, minimal price, quick delivery. It was established in the year 1995. The product range of the company include non-woven fabrics, non-woven carpets, non-woven felts, non-woven designer carpets, non-woven geo textiles, etc.

Disclaimer

The above stock gives details about 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.