1,600 per cent multibagger returns in this micro-cap stock; Board likely to announce bonus shares & stock split!

The stock gave multibagger returns of 435 per cent in just 1 year and a whopping 1,600 per cent in 3 years.

Sunshine Capital Ltd informed that the Board Meeting of the company will be held on Friday, January 12, 2024, at the Registered Office of the company to consider and approve the following matter(s): -

1. To consider and approve the fundraising in the company through availing loan, from Rs 413 crore to up to Rs 500 crores.

2. Withdrawal of rights issue of equity shares of the company.

3. Proposal of stock split of equity shares and proposal for issuance of bonus issue of equity shares of the company.

4. Any other matter with the permission of the chair.  

Sunshine Capital Ltd, established in 1989, navigates the financial realm through share trading, investing, and financing activities. Recognized as a non-deposit non-systematically important non-banking financial company, it holds its ground in India's credit reporting sphere with registrations across all four RBI Authorized CICs.

Today, the shares of Sunshine Capital Ltd were locked in a 5 per cent upper circuit to Rs 103.17 per share from its previous closing of Rs 98.26. The stock’s 52-week high is Rs 177.85 and its 52-week low is Rs 18.40. The company has a market cap of Rs 134.34 crore and it is debt-free.

The promoters of the company own 5.50 per cent and the public holds 94.50 per cent stake. The stock gave multibagger returns of 435 per cent in just 1 year and a whopping 1,600 per cent in 3 years. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.