The shares of Confidence Futuristic Energetech Ltd were locked at ₹ 419.80 apiece, in a 5% upper circuit on Monday. In fact, the shares hit the upper circuit for 53 trading sessions in a row.
Confidence Futuristic Energetech Ltd is an Indian company that manufactures and sells blast-proof, translucent and lightweight composite cylinders to both domestic and commercial users under the brand Go Gas Lite. In addition, it manufactures compressed natural gas (CNG)/high-pressure cylinders.
The company’s board has fixed Thursday, 03rd November 2022, as the record date to determine the eligibility of members for the purpose of Subdivision/Stock Split of every 1 (One) equity share of the face value of ₹10/- each into 2 (Two) equity shares of ₹ 5/- each.
In the past month, the share price of the company rose by 88.34 per cent. In fact, in the past year, the share price of the company rose by a whopping 791.30% to give multibagger returns. Therefore, if an investor would have invested ₹ 1 lakh in the shares of the company a year ago, the value of their holdings would have been ₹ 8.91 lakhs today!
The share price of the company rose by 3258.40% in the past five years. Therefore, if an investor would have invested ₹ 1 lakh in the shares of the company five years ago, the value of their holdings would have been ₹ 33.58 lakhs today!
The company is a small-cap company with a market capitalization of ₹ 219 crores. It has a very low return on equity of 4.17%. However, it has an ideal debt-to-equity ratio of 0.41. Its promoters hold a 61.87% stake in the company and 38.13% is held by retail investors.
Written by Simran Bafna
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