300% Returns in 1 Year: Stock Hits Upper Circuit After Stock Split Announcement

Shares of this penny stock of the textile sector hit the upper circuit of 2% during Tuesday’s trading session. The surge came after the announcement that the company’s board of directors is scheduled to meet in March end to discuss possible sub-division of equity shares.

According to a BSE filing, the board of directors of Vardhaman Polytex Limited (BOM: 514175 & NSE: VARDMNPOLY) scheduled a meeting on Thursday, March 28, 2024, at its registered office at Vardhaman Park, Chandigarh Road, Ludhiana – 141123. The meeting will discuss, among other matters, approval of sub-division/splitting of company shares with the face value of Rs. 10 per share, paid in full. The specific method of sub-division will be determined by the Board subject to shareholder approval.

Vardhman Polytex Ltd has a market cap of only ₹231 crore and was trading at ₹84.15 per share on BSE with an upper circuit of 2% on Tuesday. Its 52-week high is Rs 85.92 and its 52-week low is Rs 19.33. It has increased by 12% in the last five days and 26% in a month.

Vardhman Polytex Shares Performance & Return

Shares of Vardhman Polytex were listed on BSE in July 1995 but since its listing, it has not delivered any good returns on a long-term basis. Its stock has seen good growth in the last few years. During this period Vardhman Polytex shares have increased by more than 2000%. If we talk about the recent performance, it has doubled in eight months. Its stock has increased by 21.96% in a month, and 43.85% in two months. You can check the tables below to know the performance in detail.

In the last 12 months, the shares of Vardhman Polytex have quadrupled investors’ money, that is, if you had invested ₹ 10 thousand in it a year ago, today the value of those shares would have increased to ₹ 41,189.

Vardhman Polytex Shares Performance in 2024 YTD

Vardhman Polytex’s share price was ₹57.83 in January and today it is trading at ₹84.15, indicating an overall gain of 45.51% in 2024 YTD.

Vardhman Polytex Shares Surged 192% in 2023

The share price of Vardhman Polytex in January 2023 was ₹19.75, and on the last trading day of the year, it closed at ₹57.71 with a gain of 192.20%.

Vardhman Polytex Share Performance (Compounded)

The table below shows the company’s absolute returns and CAGR growth from listing. You can also check that if someone has invested a lump sum of Rs 10 thousand then what is the value of those Rs 10 thousand worth of shares today…

• Vardhman Polytex shares have increased by 312% within a year.
• Shares of Vardhman Polytex have increased investors’ money more than 21 times in the last four years.
• For investors who had invested Rs 10k in it five years ago, the value of those shares has increased to ₹86,574 today.
• The CAGR growth of the stock for the last 5 years is 53.98%, and for the last 10 years is 10.83%.

Vardhman Polytex Share Performance (Year-wise)

Vardhman Polytex yearly performance, share price history, or historical data.

Disclaimer: Vardhman Polytex Limited is a very risky penny-cap stock and the financials and fundamentals of the company are not strong. This article is written for informational purposes only, do not consider it any investment advice.