{"id":68675,"date":"2022-10-17T18:15:00","date_gmt":"2022-10-17T12:45:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=68675"},"modified":"2022-10-17T19:22:37","modified_gmt":"2022-10-17T13:52:37","slug":"multibagger-stock-that-hit-53-upper-circuits-in-a-row-has-announced-a-stock-split","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-stock-that-hit-53-upper-circuits-in-a-row-has-announced-a-stock-split\/","title":{"rendered":"Multibagger stock that hit 53 upper circuits in a row has announced a stock split\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1079590229\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of Confidence Futuristic Energetech Ltd were locked at \u20b9 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.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3176976140\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>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.&nbsp;<\/p><p>The company\u2019s 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 \u20b910\/- each into 2 (Two) equity shares of \u20b9 5\/- each.&nbsp;<\/p><p>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 \u20b9 1 lakh in the shares of the company a year ago, the value of their holdings would have been \u20b9 8.91 lakhs today!&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1162092700\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The share price of the company rose by 3258.40% in the past five years. Therefore, if an investor would have invested \u20b9 1 lakh in the shares of the company five years ago, the value of their holdings would have been \u20b9 33.58 lakhs today!&nbsp;<\/p><p>The company is a small-cap company with a market capitalization of \u20b9 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.&nbsp;<\/p><p><strong>Written by Simran Bafna&nbsp;<\/strong><\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1571254337\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of Confidence Futuristic Energetech Ltd were locked at \u20b9 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.&nbsp; Confidence Futuristic Energetech Ltd is an Indian company that manufactures and sells blast-proof, translucent and lightweight composite cylinders to both [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":26353,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-68675","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Multibagger stock that hit 53 upper circuits in a row has announced a stock split\u00a0 - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/multibagger-stock-that-hit-53-upper-circuits-in-a-row-has-announced-a-stock-split\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Multibagger stock that hit 53 upper circuits in a row has announced a stock split\u00a0\" \/>\n<meta property=\"og:description\" content=\"The shares of Confidence Futuristic Energetech Ltd were locked at \u20b9 419.80 apiece, in a 5% upper circuit on Monday. 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