Multibagger NSE listed stock reached 5% lower circuit as Board sets record date for stock after soaring over 140% in a year. A small cap company named Salasar Exteriors & Contour Ltd. closed today with a market cap of 234 Cr. The company works on projects for lodging establishments, companies, industries (all of which call for structural construction), and homes. Salasar Exteriors and Contour Ltd. are experts in pile driving, civil, super steel & structural work, interior, hard finish furniture, electrical & plumbing, as well as fire-fighting tasks.
For the purpose of determining the eligibility of shareholders for the purpose of subdivision/split of each Equity Share having face value of Rs.10/- each into face value of Rs.1/- each, the Board of Directors of Salasar Exteriors and Contour has fixed Wednesday, 03rd May, 2023 as the record date.
The purpose of subdivision/split of one equity share having face value of Rs.10/- each into face value of Rs.1/- each, was approved by the shareholders at their extra ordinary general meeting held on Tuesday, 21st March, 2023.
During FY 2022, the company recorded a net income of ₹7.20 Cr compared to ₹8.40 Cr reported during FY 2021. The company’s net expenses stood at ₹4.38 Cr as against ₹9.79 Cr and it reported a net profit of ₹2.81 Cr during FY 2022 as against a net loss of ₹1.39 Cr reported during FY21. The EPS of Salasar Exteriors & Contour stood at ₹3.42 during FY22 compared to ₹(- ₹1.69) during FY21.
The shares of Salasar Exteriors & Contour closed today on the NSE at 5% lower circuit limit of ₹227.85 apiece level. The scrip recorded a net traded volume of 1,250 shares compared to the 20-Day average volume of 9,000 shares. The stock has produced a multibagger return of 669.76% over the past three years and a multibagger return of 532.92% over the past five years. The stock has produced a multibagger return of 147% during the past year.
The scrip touched a 52-week-high of ₹458.70 on 22nd March 2022 and a 52-week-low of ₹75.05 on 22nd March 2021. indicating that at the current market price the stock is trading 50.32% below the 1 year high and 203.59% above the 1 year low. During Q3FY23, the company recorded a promoter shareholding of 70.81% and a public stake of 29.19%.