1:4 Bonus Shares Announced by This Smallcap Company; Stock Gains Over 1000 Per cent in 5 Years!
Saksoft Ltd, which provides business intelligence and information management solutions primarily to mid-tier companies in the USA and UK, was founded in 1999 by Autar Krishna and his son, Mr. Aditya Krishna.
The Board has proposed issuing bonus shares in a 1:4 ratio, meaning 1 new fully paid-up equity share of Rs 1 each for every 4 existing fully paid-up equity shares of Rs 1 each. Moreover, the Board has set Friday, September 13, 2024, as the Record Date to determine shareholder eligibility for receiving the bonus shares.
Today shares of Saksoft Ltd are closed at around Rs 288.80 per share. The company’s current market capitalization stands at Rs 2888 crore.
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As per the Quarterly Results, in Q1 FY24, Saksoft Ltd recorded a revenue of Rs 201 crore. The operating profit for Q1 FY24 stood at Rs 35 crore. The net profit for Q1 FY24 was Rs 26 crore. Looking at the annual performance, the company generated a revenue of Rs 762 crore in FY24. The operating profit for FY24 was Rs 137 crore with a net profit of Rs 96 crore.
According to the shareholding pattern, promoters own 66.64 per cent of the company, while public investors hold 25.22 per cent. Foreign Institutional Investors (FIIs) own a 3.53 per cent stake in the company.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.