By Admin 
Small Cap Multibagger Stock: Today we are going to tell you about one such smallcap multibagger stock, whose shares are seeing a lot of growth these days. Here we are talking about TIL Limited, a construction equipment manufacturing company.
As soon as it announced its fundraising plan on Thursday, its shares reached the upper circuit of 20 percent. With this the share price of the company reached Rs 275.20. This rise in the stock has created a wave of happiness among the investors who have remained with it for a long time.
23rd February is going to be a very special day
Today, the tremendous rise in TIL shares was also supported by strong trading volume. On February 19, around 4 lakh equity shares of TIL were traded, while its one week average trading volume was 49000 shares and one month average volume was 34000 shares.
TIL Ltd also informed that the meeting of the Board of Directors of the company is scheduled to be held on February 23, in which the proposal to raise funds through rights issue, preferential allotment or Qualified Institutional Placement (QIP) will be considered. The company also said that to raise funds in this way, it is necessary to first obtain necessary regulatory approval and legal approval.
What is TIL’s next plan?
Earlier, TIL had announced its entry into the clean energy manufacturing ecosystem. During that time the board had approved the purchase of 60 percent stake in Tulip Compression Private Limited (TCPL).
The company had said in a statement on February 16 that TIL is planning to increase its stake in TCPL to 74 percent through its affiliate company Gainwell Comosales Private Limited (GCPL). GCPL is a fast growing clean energy solutions provider. At present, this plan of the company is dependent on getting approval from shareholders and regulatory authorities.
TIL Shares Performance
TIL’s share price has increased by 16 percent in the last one month. However, it has also declined by 3 percent in the last six months. This smallcap stock has given returns of 50 percent in the last one year and 105 percent in the last two years. At the same time, in the last three years it had given multibagger returns of 520 percent. It has achieved a growth of 485 percent in five years.
Disclaimer: (The information provided here is being given for information only. It is important to note here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. ABPLive.com It is never advised for anyone to invest any money here.)
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