Bengaluru, Sept. 2 -- During Tuesday's trading session, shares of a company engaged in the business of manufacturing polyester chips and polyester yarns hit a 5 percent upper circuit on the stock exchanges, after the Board of the company fixed a record date for a 1:5 stock split.

With a market cap of Rs. 1,207.4 crores, the shares of Sumeet Industries Limited closed in the green and hit a 5 percent upper circuit at Rs. 114.7 on BSE, as against its previous closing price of Rs. 109.25. The stock has delivered multibagger returns of over 107 percent in the last six months, but has fallen by around 7 percent in one month.

What's the News According to the latest regulatory filings on the stock exchanges, the Board of Sumeet Industries Limit...