Stock Split Postponed: Board Of Multibagger Textile Stock To Consider Stock
Split Soon
The board of directors of small cap multibagger textile sector stock, Indo
Cotspin Ltd have postponed the stock split on November 30 and it will now
be considered in next board meeting, according to the company's BSE filing.
The stock has given 115% return in just 6-months.The company has a market
capitalisation of Rs 29 crore.Check key details below:
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
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By Renu Baliyan Goodreturns
source: goodreturns.in
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