The shares of Kshitij Polyline Ltd were locked in an upper circuit of 5 percent and reached its new 52-week high of Rs 264.65 in the early hours of Tuesday. The stock has been on an uptrend for the last five days and has gained approximately 22 percent.
Kshitij Polyline Ltd is one of the leading manufacturers, suppliers, distributors, and exporters of Lamination Equipment & Stationery Products. The company exports its products to countries like Uganda, Lebanon, Sri – Lanka, South Africa, Bhutan, Nepal, and Dubai.
The board of the company has approved a stock split. The equity shares of the Company will be subdivided from a Face Value of Rs.10 each to a Face Value of Rs 2 each. For this purpose, the record date has been set as October 27th, 2022.
The stock was trading at Rs 34.05 a piece on NSE in July 2022. From there, it has spiked up to the current levels logging a multibagger return of 677 per cent.
If an investor had invested Rs 1 lakh in the shares of the company in July their investment would be worth Rs 7.67 lakhs in just 3 months.
The company reported a total Income of Rs 1.52 Crores in Q2FY22 as compared to Rs 16.24 crores in the same period a year ago. In the quarter under review, their net profit stood at Rs 14.97 lakhs as against a profit of Rs 19.12 lakhs in the same period last year.
The small-cap company has a market capitalization of Rs 268 crores as on October 25th, 2022. The promoter holds a 62.95 per cent stake in the company with zero shares pledged.
Written by Anoushka Roy
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