The share price of La Tim Metal & Industries Ltd increased from ₹ 74.45 in November 2021 to ₹ 192 apiece, giving multibagger returns of 157.89% in just six months. In the last 5 years, the company’s share price surged from ₹37.50 apiece to the current levels, giving multibagger returns of 412.00%.
If an investor would have invested ₹1,00,00 in the shares of the company six months ago, the value of their holdings would have been ₹ 2,57,890 today!
La Tim Metals & Industries Ltd was incorporated in 1987. It deals in steel trade and colour coated steel sheets. It is also involved in the business of real estate development from Panvel and its surrounding area in Raigad district in Maharashtra.
The company announced that its board of directors have approved a stock split. The company’s equity shares of the face value of ₹10 will be split into 10 equity shares of ₹1 each. Its shares will start quoting on an ex-split basis from May 20, 2022.
Experts said that rising metal prices and the strong balance sheet of the company may also support La Tim Metal’s share price rally in the short term. The company reported an 8.95% increase in sales from ₹ 153.41 crores in December 2020 to ₹167.15 crores in December 2021. However, there was a 52.95% decline in its quarterly net profit from ₹10.26 crore in December 2020 to ₹ 4.83 crores in December 2021.
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