Sumeet Industries, a Surat-based polyester manufacturer, approved a 1:5 stock split, subdividing ₹10 face value shares into five ₹2 shares. This aims to boost liquidity and attract small investors. With a 1,00,000 TPA POY capacity, the company's stock has already delivered multibagger returns exceeding 4,200% from its 52-week low, reflecting strong investor confidence and growth potential.