10:1 stock split: Debt-free multibagger penny stock at Rs 4.88 hit consecutive 15 upper circuits & 52-week highs; Scrip trades at high ROE & high ROCE
The stock gave multibagger returns of 150 per cent in just 6 months and a whopping 665 per cent in 1 year.
Today, shares of Bridge Securities Ltd hit a 5 per cent upper circuit to Rs 4.88 per share from its previous closing of Rs 4.65 per share. The stock also made a fresh new 52-week high of Rs 4.88 while its 52-week low is Rs 0.54. In the recent trading session, the stock has been hitting consecutive 15 upper circuits & 52-week highs. The shares of the company saw a spurt in volume by more than 1.47 times on BSE.
The shares of the company ex-traded stock split of equity share i.e., sub-division/ Split of 1 equity share of the company having a face value of Rs 10 each into 10 equity shares having a face value of Re1 each. The ex-date for the stock split was Wednesday, July 10, 2024.
Bridge Securities Ltd could be either a stockbroker and investment advisor in India, founded in 1994, offering consultation and financial planning. The company has a market cap of Rs 16.40 crore and as of March 31, 2024, the company is debt-free.
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According to Quarterly Results, the company reported net sales of Rs 0.32 crore in Q4FY24 compared to Rs 0.33 crore in Q4FY23. The company reported a net profit of Rs 0.27 crore in Q4FY24 compared to a net loss of Rs 0.40 crore in Q4FY23, an increase of 167.5 per cent.
In its annual results, the company reported net sales of Rs 0.80 crore in FY24 compared to Rs 0.97 crore in FY23. The company reported a net profit of Rs 0.52 crore in FY24 compared to a net loss of Rs 0.68 crore in FY23, an increase of 176.5 per cent.
The shares of the company have an ROE of 75 per cent and an ROCE of 99 per cent. The stock gave multibagger returns of 150 per cent in just 6 months and a whopping 665 per cent in 1 year. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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