This stock jumped 1000% in 1 year, now investors will get double money, company announced stock split and bonus shares
highlights
Captain Pipes stock is one of the money making stocks for its shareholders.
In the last one month, it has given nearly 35 per cent returns to its investors
The stock has gained over 1,000 per cent in the last one year.
New Delhi. Bonus shares, stock split: Captain Pipes shares are one of the multibagger stocks that the Indian stock market has given in the last one year. This small-cap stock has rallied up to 1,000 per cent in the last one year. But for long-term investors, the celebration is not going to end here. The small-cap company is going to consider issuing bonus shares and stock split in the upcoming meeting of its board of directors. The directors of the company took this decision in their recently held meeting on January 27, 2023.
The meeting of the Board of Directors of the company was held on Friday, January 27, 2023 after which the multibagger small-cap company informed the Indian markets about the issue of bonus shares. It has been decided in the meeting that 2 (two) Bonus Shares for every 1 Equity Share held on the “Record Date” will be issued to the Equity Shareholders. The company has told that the equity shares of the company with a face value of Rs 10 will be split.
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Captain Pipes share price history
Captain Pipes stock is one of the money making stocks for its shareholders. In the last one month, it has given around 35 per cent return to its investors, while in the last six months, this multibagger stock has given 400 per cent return to its long term positional investors. However, it has increased by more than 1,000 per cent in the last one year. Accordingly, if an investor had invested 1 lakh in this share a year ago, then his 1 lakh would have become 11 lakh today.
Company settles on T+2 basis
Captain Pipes currently trades under the “M” group in the Small and Medium Enterprises (SME) segment on BSE. Trading in SME segment, clearing year settlement is done on T+2 basis.
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Captain Pipes market cap Rs 290 crore
Please tell that Captain Pipes Limited works in the industrial sector and its market capital is ₹ 290 crores. UPVC Column Pipe, UPVC Plumbing Pipe & Fittings, CPVC Plumbing Pipe & Fitting, Casing Pipe and PVC Pressure Pipe are all manufactured and exported by Captain Pipes Limited based in Gujarat.
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Tags: multibagger stocks, stock market, stock option, stock returns, stock tips
FIRST PUBLISHED : January 28, 2023, 16:16 IST
