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Multibagger Stocks: This midcap stock has given more than 400% returns in 3 years, now the stock will be split

Supreme Petrochem Ltd Share Price: Supreme Petrochem Ltd. The stock may be trading in a range since last one year, but in the long term, this midcap company has given excellent returns. The stock has given a return of 426 per cent in the last 3 years. The special thing is that Supreme Petrochem is now going to give the gift of stock split to its shareholders and has also announced a record date for this. The board of directors of the company said in an exchange filing that the company is going to split its existing equity shares of face value of Rs 4 into equity shares of face value of Rs 2 each. For this, the record date of Friday, January 6, 2023 has been fixed.

Supreme Petrochem, a midcap company with a market value of approximately Rs 7,200 crore, operates in the Commodity industry.

Gave 105% return in 5 years

On Tuesday, December 13 at 12 noon, the stock is trading around Rs 765 with a minor weakness of 0.10 per cent. The scrip was at Rs 373.70 on December 12, 2017. Thus the stock has given multibagger returns of 105% in the last five years. Whereas, in the last three years, the stock has traveled from Rs 145 to Rs 765 and has given a return of about 426 per cent during this period. However, this year i.e. in 2022, the stock has given a return of only 8 per cent.

Trade down 25% from 52-week high

The stock touched a 52-week high of Rs 1,027.05 on March 28, 2022 and a 52-week low of Rs 619.80 on December 27, 2021. Thus, the stock is trading 25.44?low one year high and 23.53?ove one year low.

Promoter shareholding in the company stood at 64.14 per cent, FII stake at 2.20 per cent and DII stake at 2.26 per cent during the quarter ended September 2022. Whereas, the holding of mutual funds is 2.23 per cent.


Disclaimer: The information provided here is based on stock performance. It is important to mention that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. StockPro never advises anyone to invest money here.

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