Shish Industries, a penny stock engaged in the business of plastic products, is buzzing ahead of its stock split reward. This week, after rising by more than 19% in four trading sessions, the stock price corrected sharply on December 5, 2024. The stock slipped by nearly 6% on BSE as investors booked profits. Nonetheless, Shish Industries is likely to be in focus in the upcoming days due to its stock split record date. The ratio of which 1 Shish Industries stock will be subdivided is 1:10.
Shish Industries Share Price:
On BSE, after market hours of Friday, the penny stock shed 4.2% to end at Rs 122.15 apiece. Its market cap is around Rs 434.87 crore. Shish Industries share halted its four-consecutive sessions winning streak accordingly.
From November 29th to December 4th, the stock gained by 19.2% on BSE. The stock was in red on November 28 at Rs 106.95.
The stock's 52-week high and low is at Rs 172.05 apiece and Rs 99 apiece respectively. Its price-to-equity ratio is 41.33x and its return on equity is at 10.76%.
YTD, the stock surged by 21.43%. In a year, the stock gained by 19.2%. However, in the long term, the penny stock climbed by 1,912.08% on BSE in 5 years.
Shish Industries Stock Split:
The company has fixed Tuesday, December 17, 2024, as the record date to determine the eligibility of members for Sub Division/Split of every 1 (One) Equity Share having face value of Rs. 10/- (Rupees Ten only) each fully paid up, be sub-divided/split into 10 (Ten) Equity Shares having face value of Re. 1/- (Rupee One only) each fully paid up.
The stock split ratio is 1:10.
Earlier this year, Shish Industries announced the signing of a significant long-term commercial trade agreement, with the USA-based entity Best Construction Products Inc. (BCP). This agreement brings together SIL, a leading company specialising in the production and supply of Construction, Packaging & Thermal Insulation Products, and BCP, a distinguished entity in the United States engaged in quality construction materials.
Under the terms of the agreement, SIL will supply a variety of agreed products crucial for construction purposes to BCP over 5 years amounting to a minimum of USD 37.5 million (approx. Rs. 312 crores present value), as per the filing.
About Shish Industries:
Shish Industries Limited through intense research in its field, brings innovations & customization solutions to global customers, driven by strong development capabilities. The company has shown great development since its incorporation. Various innovative developments have always provided the Company an edge over other industries in its field. Founded in 2012, Shish Industries Ltd. has become a trusted manufacturer & exporter of plastic corrugated sheets, PP boxes, FIBC Bags, PP/PE woven fabric, tarpaulin, and shipping packaging supplies. The company has its registered & corporate offices and various factories in Surat district, Gujarat.
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