3 Multibagger Stocks To Watch Out For Today

Earnings season for Q1Fy23 has almost concluded and now stock market in India will largely be influenced by global cues, FII stance and further more stock specific action. As it is after the Fed Chief's remarks on Friday sparked a sharp sell off in the US, its rub-off effect shall be highly felt in global markets including India.

Now here are some stocks to keep an eye on for stock-specific action or their scheduled board meet.

Birla Precision

This is a small cap machine tools space company. The stock's board meet today is scheduled for the Scheme of Arrangement. Also, the company's 1Q earnings shall be reported today. The BSE listed low priced scrip in the previous session ended over 1% higher at Rs. 32.05 per share.

In the BSE filing dated August 18, the company said, "We hereby inform you that, a meeting of Board of Directors of the company is scheduled to be held on Monday, 29th August, 2022 at 11:30 a.m at the Dalamal House, 1st Floor, 206, Jamnalal Bajaj Marg, Mumbai-400021, among others to consider Scheme of Arrangement between Birla Precision Technologies Limited (Demerged Company) and Birla Accucast Private Limited (Resulting Company) & their respective shareholders & creditors. The Board meeting will be preceded by Audit Committee meeting at 11.00 a.m, meeting of Independent Director's at 10.30 a.m".

Birla Precision is into the manufacturing of a range of high speed steel (HSS) cutting tools, such as jobber, taper shank twist drill, taps, reamers, tool holder, collet etc. The Company's products are primarily used by automobile and engineering sectors.

Birla Precision is a multibagger scrip with 1 and 3-year return placed at 192% and 376%, respectively. Nevertheless, the company's YTD return has been in the negative of 52%.

Shivalik Bimetals

Again a small cap, this company is from the steel sector. The company listed on both BSE and NSE, last during the previous trade closed higher by around 1% at Rs. 600.25 apiece on the NSE.

The company on August 22 informed of its bonus issue proposal and via an exchange filing put forth the board meeting details. "this is to inform that a meeting of the Board of Directors of Shivalik Bimetal Controls Limited will be held on Monday, 29th day of August, 2022 inter-alia to consider a proposal for issue of Bonus shares to the equity shareholders of the Company in the ratio, as it may deem fit by way of capitalization of reserves, subject to the approval of the shareholders. Further, we would like to inform you that in terms of the Code of Conduct for SEBI (Prohibition of Insider Trading) Regulations, 2015., the trading window will remain closed from 23rd August, 2022 till expiry of 48 hours after the said Board meeting. (both days inclusive)", read the filing by the exchange.

This scrip is again a multibagger that has easily multiplied investors wealth in a year with 1-year return of 242%.

Shivalik Bimetals manufactures Thermostatic Bi-metal/Tri-metal Strips and Parts, and Shunt. The Company is also engaged in job work for Indian Ordinance. The Company's segment is Process and product Engineering.

Sanmit Infra

This infra sector small cap scrip as per the filing shall meet on August 29 for a host of reasons and deliberations, including "that the meeting of the Board of Directors of the Company is scheduled on 29/08/2022 ,inter alia, to consider and approve a)To consider and recommend the Dividend b)To consider and recommend the proposal for split of Company''s one (1) equity share of face value of Rs. 10/- each into Ten (10) equity shares of face value of Rs. 1/- each c)To discuss about listing of the Company on National Stock Exchange Limited d)To consider the Regularisation of Dinesh Makhija as Whole Time Director of the company ; e)To consider the Regularisation of Ajay Nanik Chandwani as Non Executive Independent Director of the company f)To consider the Re-appointment of Managing Director and Whole Time Director of the company g)To consider and approve Notice of 22nd AGM h)To consider and approve Board Report of the company; i)To consider and finalise E-voting of 22nd AGM j)To consider and fix the Book Closure for 22nd AGM k)To appoint Scrutinizer for E-voting process for 22nd AGM l)To consider other items related to 22nd AGM m)To discuss any other business with the permission of Chair n)Other agenda, if any".

This is another multibagger scrip with 1-year return of 182%. The company's scrip which trades on the BSE last closed at Rs. 472.55 apiece on the BSE.

Sanmit Infra Limited is engaged in real estate business. The Company is involved in the seaways development, construction of bridges, business malls and boat houses, among others.

Disclaimer

The above stocks are collated for the likely stock action they may see ahead of their board meetings lined for varied deliberations today. Readers should not construe the report as an investment advice in them.