Multibagger Stock: The Board of Directors of Ritesh Properties & Industries Limited has recommended a proposal to split the stock in the ratio of 10:1. The real estate company informed the Indian stock exchanges about the stock-subdivision proposal and said that the record date for the stock split would be determined later. After a stock split, the face value of the multibagger stock will change 10 per equity share to Rs 1 per equity share.
Ritesh Properties And Industries Limited Indian stock exchanges informed about it stock split offer “We would like to inform you that the Board of Directors of Ritesh Properties & Industries Limited (“The Company”), in its meeting held today i.e. 16th June, 2022, inter alia, considered the following matters and Approved …. proposed for sub-division of equity shares having face value of Rs.10/- each fully paid-up equity shares of face value of Rs.1/- each by postal ballot (through e-voting process), fully paid on record date to be determined as authorized by the Board of Directors, after approval of the Shareholders.
Ritesh Properties share price history
BSE is one of the listed stock multibagger stock Produced by the Indian stock exchange in the last one year. Multibagger stock under selling pressure after climbing to 52-week high 535 in December 2021. Since mid-March 2022, the real estate stock has remained sideways. This stock has jumped in the last one year 70 to 360 each tier provides approximately 415 percent return to shareholders who remained invested in Multibagger stock during the period.
125% CAGR over five years
In the last 5 years, it has grown from Multibagger stock from 5.75 358.90 level, giving an increase of about 6130 per cent or a CAGR of over 125 per cent over the period.
multibagger stock turns from 1 lakh 62.30 lakh in 5 years
Taking cues from the share price history of Ritesh Properties, if an investor had invested 1 lakh in this stock 5 years ago, its would have turned into 1 lakh 62.30 lakhs today, provided the investor remains invested in this realty stock during this period.