Promoters bought 8,19,000 shares, FIIs bought 2,10,500 shares & DIIs bought 88,000 shares; Board likely to announce stock split of shares!
DSIJ Intelligence-1 / 19 Aug 2025/ Categories: Bonus and Spilt Shares, Multibaggers, Trending
The company has a market cap of over Rs 1,700 crore and has given multibagger returns of 285 per cent from its 52-week low of Rs 185.5 per share.
R M Drip And Sprinklers Systems Limited informed that a meeting of the Board of Directors of the Company is scheduled to be held on Friday, August 22, 2025, inter alia, to consider and approve the sub-division/ stock split of the existing equity shares of the Company under the provisions of Section 61 of the Companies Act, 2013 and to transact such other business as may be placed before the Board.
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R M Drip & Sprinklers Systems Ltd, established in 1996, specialises in the design, manufacturing and installation assistance of micro irrigation systems, including both sprinkler and drip irrigation technologies. Serving farmers through a dealer network spanning several Indian states such as Maharashtra, Madhya Pradesh, Gujarat, Karnataka, Uttar Pradesh, Bihar and Jharkhand (in collaboration with Greaves Cotton Ltd), the company also acts as an Original Equipment supplier to numerous irrigation companies and sub-assembly manufacturers.
Their product portfolio encompasses a range of drip irrigation solutions like online drippers and flat drip lines, various sprinkler systems including RM Sprinkler and mini/micro sprinklers and essential filtration and fertigation equipment such as plastic disc filters, sand/gravel media filters, fertiliser injectors and hydro-cyclone filters.
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The Promoters bought 8,19,000 shares and increased their stake to 21.06 per cent while FIIs bought 2,10,500 shares and increased their stake to 2.97 per cent in June 2025 compared to March 2025. Additionally, DIIs took a fresh entry and bought 88,000 shares or a 0.35 per cent stake in the company in June 2025.
On Tuesday, shares of R M Drip & Sprinklers Systems Ltd jumped 4.14 per cent and hit a fresh 52-week high of Rs 719.95 per share from its previous closing of Rs 699.30 per share. The company has a market cap of over Rs 1,700 crore and has given multibagger returns of 285 per cent from its 52-week low of Rs 185.5 per share.
Disclaimer: The article is for informational purposes only and not investment advice.