Multibagger Small Cap Tyres Sector Stock Under Rs 40 Likely To Declare Stock Split

Small cap stock from the tyres sector, Tirupati Tyres Ltd is likely to announce stock split in its upcoming meeting scheduled to take place on July 27, 2023. Tirupati Tyres shares delivered return of 2279% in last 3-years and soared 144% in last 1-year. Last trading price of Tirupati Tyres share is Rs 38.54 per share on BSE. Check details below:

Tirupati Tyres To Consider Proposal of Stock Split On July 27: According to the BSE filing of the company dated July 11, "meeting of the Board of Directors of the Company is scheduled to be held on Thursday, July 27, 2023, at the Registered Office of the Company to transact the following business matters:

1. To consider and approve the proposal of Split of the equity shares of the Company in such manner as may be determined by the Board of Directors, subject to approval of the members and such regulatory/statutory authorities as may be required.
2. To Increase the Authorized Share Capital of the Company and consequently make required alteration in the Memorandum of Association of the company, subject to the approval of members;
3. To consider and approve Postal Ballot Notice and other incidental matters thereto;

Tirupati Tyres Stock Performance & Return: Last trading price of Tirupati Tyres share is Rs 38.54 per share with intraday gain of 1.21%. Its 52-week high price is Rs 59.77 per share and 52-week low price is Rs 12.58 per share, respectively. It has a market capitalisation of Rs 94.21 crore.

Tirupati Tyres offered 74% return YTD, 509% return in last 2-years, and jumped maximum in last 3-years with return of 2279%.

Tirupati Tyres Financial Performance: The company for the quarter ended March 31, 2023 declared its standalone total income at Rs .10 crore, up 46.76% as against its previous quarter total income of Rs .06 crore. It announced its recent quarter net profit after tax at Rs .06 crore.

Tirupati Tyres About: The small cap company is a tyre manufacturer in India with a range of products catering to diverse business segments in the automobile industry. It was incorporated in 1988.

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