Multibagger Undervalued Stock Announces Record Date for Stock Split: Do You Have It?

The company in a stock exchange filing said that “As per Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) 2015, we would like to inform you that, the company has fixed the record date as mentioned in the table below. 10 Sub-division/division of one equity share of face value of Rs.2/- into five equity shares of face value of Rs.2/- as approved by the shareholders in their meeting held at 23rd Annual General Meeting of the Company 27 Held on September, 2022.”

Shares of TD Power Systems Ltd closed today on NSE: 620 a piece, up 0.46% from the previous close 622.85. Today’s trading volume stood at 112,233 shares, compared to the 20-day average volume of 102,809 shares. The stock has given a multibagger return of 191.70% in the last five years and a multibagger return of 326.03% during the last three years. The stock has gained 83.81% in the past year, and has gained 42.89% so far in 2022.

For the quarter ended June 2022, the company recorded a share of 58.61% (down 0.04% by QoQ), FIIs at 0.88% (down by 1.17% QoQ), DIIs at 12.22% (down by 0.25% QoQ). , a public stake of 27.69% (0.96% by QoQ), and other holdings of 0.60%. The book value share of the company is 168.95 resulting in a price-to-book value (P/B) ratio of 3.66 and a P/E ratio of 25.12 at current market prices, which may seem like an undervalued stock compared to its peers such as Hitachi Energy. Crompton Greaves Consumer Electricals Limited, CG Power & Industrial Solutions Limited, ABB India Limited, Havells India and Siemens.