SIS: 6 Years = One plate Pani Puri!Here is one interesting case study showing that despite good fundamentals, some companies will underperform.
- SIS was listed at a price of 815 in 2017
- It later had a stock split from FV of Rs. 10/Share to Rs. 5/Share. For every share exchanged, Investors got 2 shares.
- So, technically with the current price chart (post-split), the adjusted listing price would be half i.e., around 410
(Example: say, the value of the company was 500 with 10 outstanding shares, So the value per share was 50. Now, after the stock split, outstanding shares became 20. So now the value will be 500/20 i.e., 25.)
- CMP is 440
- After 6 long years, Investors received an appreciation of 30 Rs + Rs. 9 as dividends. We are a rupee short for a plate of pani puri here in Mumbai :P
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