From ₹17.25 to ₹516: Multibagger stock turns ₹1 lakh into ₹30 lakh in four years

Stock Market Today: RDB Infrastructure and Power, currently listed as RDB Realty & Infrastructure on the stock exchanges, has emerged as a multibagger stock, offering extraordinary returns to investors in just a few years. 

An investment of just ₹1 lakh in the stock four years ago would have skyrocketed to a massive ₹30 lakh today, with the stock witnessing a nearly 30 times growth. From ₹17.25 four years ago,  RDB Realty & Infrastructure stock now trades at ₹516, generating significant gains for investors.

On Thursday, RDB Realty & Infrastructure share price opened at ₹529.95 on the BSE, slightly higher than its previous closing price of ₹519.80. The stock then surged further, hitting a day's high of ₹545.75, marking a 5 per cent gain. This was also the upper price band for the stock, triggering an upper circuit before profit-taking set in. 

By afternoon trade, RDB Realty & Infrastructure's share price slipped to the day's low of ₹516.05.

Earlier this month, RDB Realty & Infrastructure announced a stock split in the ratio of 1:10, meaning one equity share of the face value of ₹10 each shall be subdivided into 10 equity shares of the face value of Re 1 each fully paid up. 

Via the stock split, the company aims to encourage wider participation of small investors and enhance the liquidity of its shares.

The company also informed the bourses that the Ministry of Corporate Affairs has issued a new Certificate of Incorporation following the change of its name from RDB Realty & Infrastructure to RDB Infrastructure and Power, effective December 4, 2024.

In another development, the company informed bourses on December 24 that the National Company Law Tribunal (NCLT) Kolkata Bench has sanctioned the Scheme of Arrangement between M/s RDB Realty & Infrastructure Limited (now known as RDB Infrastructure and Power Limited) and M/s RDB Real Estate Constructions Limited for the demerger of the Realty Division of the Company by transfer and vesting of the same in the resulting company.

Thus all the companies which were subsidiaries/associates of RDB Realty & Infrastructure Limited, have now become subsidiaries/associates of RDB Real Estate Constructions with effect from 01st October, 2022. 

The acquired company namely, Gupta Infrastructure (India) Private Limited, has been transferred to the resulting company i.e., RDB Real Estate Constructions, as its subsidiary company, it added.

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