Stock Market Today: RDB Infrastructure and Power, a multibagger stock, increased in value from ₹17.25 to ₹516 per share, transforming ₹1 lakh into ₹30 lakh in just four years.
Today's Stock Market: RDB Infrastructure and Power, which is presently traded on stock exchanges as RDB Realty & Infrastructure, has been a multibagger stock that has given investors exceptional profits in a short period of time.Four years ago, an investment of just ₹1 lakh in the stock would have soared to a whopping ₹30 lakh now, with the price growing by roughly 30 times. RDB Realty & Infrastructure's stock has increased significantly for investors, from ₹17.25 four years ago to ₹516, today.
The share price of RDB Realty & Infrastructure opened Thursday at ₹529.95 on the BSE, which was marginally higher than its closing price of ₹519.80. After that, the stock continued to rise, reaching a day's high of ₹545.75, which represented a 5% gain. Additionally, this was the stock's upper price range, which caused an upper circuit before profit-taking began.
By afternoon trading, the share price of RDB Realty & Infrastructure had dropped to ₹516.05.
A 1:10 stock split was announced earlier this month by RDB Realty & Infrastructure, which means that one equity share with a face value of ₹10 will be split into ten fully paid-up equity shares with a face value of Re 1.
The company hopes to increase the liquidity of its shares and promote broader involvement from small investors through the stock split.
After changing its name from RDB Realty & Infrastructure to RDB Infrastructure and Power with effect from December 4, 2024, the firm also notified the stock exchanges that a new Certificate of Incorporation had been given by the Ministry of Corporate Affairs.
On December 24, the business also notified stock exchanges that the Scheme of Arrangement between M/s RDB Realty & Infrastructure Limited (now known as RDB Infrastructure and Power Limited) has been approved by the Kolkata Bench of the National business Law Tribunal (NCLT).as well as M/s RDB Real Estate Constructions Limited for the demerger of the company's Realty Division through transfer and vesting in the new business.
As a result, as of October 1, 2022, all businesses that were subsidiaries or associates of RDB Realty & Infrastructure Limited have changed their status to that of RDB Real Estate Constructions.
It further stated that Gupta Infrastructure (India) Private Limited, the acquired company, has been transferred to RDB Real Estate Constructions, the resulting entity, as a subsidiary.
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