Multibagger Alert: Shares of Kshitij Polyline freeze at 5% upper circuit and hit an all-time high!

Multibagger Alert: Shares of Kshitij Polyline freeze at 5% upper circuit and hit an all-time high!

Stock Recommendations
by 5paisa Research Team Last Updated: 2022-10-31T13:42:59+05:30

On Monday, shares of Kshitij Polyline locked at 5% upper circuit recording an all-time high of Rs 61.2 on NSE.

Shares of Kshitij Polyline witnessed heavy buying interest over the last five trading sessions as the stock surged 21.40%. The scrip has furnished astronomical returns of 145.49% over the last one month.

Incorporated in 1998, Kshitij Polyline manufacture, distribute, supply, import and export a wide array of smart ID card products, binding and lamination equipment, related materials and accessories and stationery products.

The enterprise is well-equipped with all facilities to execute all types of manufacturing activities from granule to PP sheet with colours, PP sheet to finished products, QC & packaging, etc. They are consistent in supplying quality products around the year as customized products are made available to them as per the market demand.

The company is looking to increase its revenue by entering new product ranges and taking advantage of technological advancement. The company, via a filing with the exchange, informed that its board has considered approval to enter the e-commerce space and develop its brand from stationery products and ancillary products.

The company intends to develop its website, sell on other e-commerce platforms, open stores for speedy delivery, tie up with other vendors and do offline and online marketing to increase its revenue through the use of new technology. The company expects its website work to be completed within the next two quarters i.e. six months, whereas other strategies may take less or more time.

The company's board has also approved the agenda of increasing its product range. The Daman and Diu-based entity aims to strengthen its product line, with sound quality and durability, through research and development and the requirement of consumers. 

Keep this trending multibagger stock on your radar!

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