Business

Multibagger shares hit intraday high as board approves 5:1 stock split

PDS Multinational Fashions is a worldwide customer-centric textile company serving 22 countries and serving the world’s largest brands and retailers. The company is a small-scale player in this sector, with a market valuation of 4,460.63 Cr.

Stocks opened up more than 5% today and hit an intraday high of 1800 (5.38%) in early morning transactions. Based on today’s performance, the stock outperformed the industry by nearly 1.22%. The stock’s bullish phase took place today when the Company’s Board of Directors today approved a 5:1 split of equity shares, on the basis of the approval of the shareholders. bronze. The record date for the 5:1 stock split has yet to be announced by the company.

Listed shares of BSE have increased from 899.20 on June 2, 2021 at the current market price of Rs 1,733.70 as of June 2, 2022, 12:18 PM IST, representing an increase of 92.80% in 1 year. Year-to-date (YTD), the stock has grown from 1,659.60 as of January 3, 2022 from current market prices, up 4.46% in 2022 to date. In the past 6 months, the stock has increased by 12.28% and in the past 1 month, the stock has increased by 0.82%. In the last 5 trading days, the stock is up 6.69% and the stock has been up for the past 2 days and has gained more than 2% in that time period.

Shares of PDS Multinational are currently trading at a 1.50% upside spread on the BSE and the current market price of PDS is trading above the 5-day, 20-day, 50-day, 100-day and 200-day moving averages. day. The stock has outperformed Sensex 85% year-over-year and has delivered a multibagger return of 592.23% over the past three years, beating Sensex, which was 39.96% at the time. In the last week, shares are up 7.79%, while Sensex is up 2.45%. The stock has a P/E of 17.95 times and an industry P/E of 16.43 times, suggesting that the stock may be overvalued for future price earnings. However, the company has a ROE of 28.66%, indicating its ability to generate steady profits. However, at a P/B of 5.11, this is not a long-term hold.

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