The shares of GM Polyplast LTD rose 5% on Monday to reach a fresh 52-week high of ₹ 1282.85 apiece by 11:56 AM on the National Stock Exchange (NSE). Its shares hit the 5% upper circuit for two days in a row.
The company has fixed Wednesday, January 04, 2022, as the record date for the purpose of ascertaining the eligibility of its shareholders for issuing fully paid-up bonus shares in the ratio of 6:1. This means that eligible shareholders will receive six shares for every one share that they hold in the company. The stock will trade ex-bonus on the same day as the record date, due to its same-day settlement type.
G M Polyplast is one of the leading manufacturers of HIPS, ABS, PET, PP, HDPE Sheets and premium quality granules, which started its operations back in 2003. It got listed on the exchanges in the year 2020.
The company gave multibagger returns of 436.76% in the past six months. Therefore if an investor would have invested ₹ 1 lakh in the company’s shares six months ago, the value of their holdings would have been ₹ 5,36,760 today!
In fact, it has given multibagger returns of 663.60% in the past year. Therefore, if an investor would have invested ₹ 1 lakh in the company’s shares one year ago, the value of their holdings would have been ₹ 7,63,600 today!
GM Polyplast is a small-cap company with a market capitalization of ₹ 235 crores. It has an ideal return on equity of 22.76% and an ideal debt-to-equity ratio of 0.22. Its shares are quoting at a price-to-equity ratio of 47.32, which is higher than the industry average of 12.99, indicating that the stock is overvalued as compared to its peers.
Written by Simran Bafna
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