Stock of this SME plastic products maker has zoomed 100% in 15 trading days

In past two days, the stock price of Captain Pipes has rallied 20% after the company said its board will meet on January 27 to consider stock split and bonus issue proposal.

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SI Reporter Mumbai
Shares of Captain Pipes were locked in upper circuit for the second straight day, up 10 per cent at Rs 602, also its new all-time high on the BSE on Thursday at 12:02 PM; in an otherwise weak market, after the company announced bonus issue and stock split plan.

Since December 13, 2022, in past 15 trading days, the stock price of industrial plastic products maker has doubled or zoomed 100 per cent from a level of Rs 300. In comparison, the S&P BSE Sensex was down 0.54 per cent at 59,781.

First Published: Jan 12 2023 | 12:42 PM IST

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