Multibagger Miscellaneous Stock To Consider Stock Split, Shares Hit 5% Upper Circuit

Shares of Shree Securities Ltd hit 5% upper circuit intraday on December 1, 2022 after the board of directors held a meeting on November 30, 2022 and informed about the upcoming meeting to consider and approve proposal of stock split. The small cap company operates in Miscellaneous sector.

The company has a market capitalisation of Rs 235 crore. Check key takeaways below:

1. Shree Securities Ltd To Consider & Approve Proposal Of Stock Split

The board of directors of Shree Securities said in their BSE filing dated November 30, 2022, "In pursuance to the Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 we wish to inform you that, a Meeting of the Board of Directors of the Company is scheduled to be held on Friday, 16th December, 2022 to consider and approve the proposal to sub-divide/split of the Equity Shares of the Company in such manner as may be determined by the Board of Directors and subject to approval of the Shareholders and such authorities as may be required."

2. Shree Securities Stock Performance

The last trading price of the Shree Securities is Rs 29 apiece with intraday gain of 4.98%. The stock's 52-week high is Rs 30 apiece and 52-week low is Rs 16 apiece, respectively.

3. Shree Securities Return

The stock has given a return of 5% in 1-day, 27% in 1-week, and 58% in 1-month. The stock gained 26% in 6-months, and 124% in 5-years.

4. Shree Securities About

The company is engaged in the business NBFC activity and making both long term and short-term investment in quoted as well as unquoted shares. The company also gives short term and long term loans to its borrowers. The company earns revenue by way of interest on loans so given to the borrowers, according to its official website.

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