300 per cent returns in this multibagger stock; Board announces bonus shares for the first time!

The stock gave multibagger returns of over 300 per cent in just 3 years.

Pooja Entertainment & Films Ltd informed that the Board of Directors of the company has approved issuance of bonus shares in the ratio of 6:1 i.e., 6 equity shares of Rs 10 each fully paid up for every 1 existing equity share of Rs 10 each held as on the record date. The company did not fix the record date for the bonus shares yet.

Pre-Bonus paid up share capital Rs 5,00,05,000 divided into 50,00,500 equity shares of Rs 10 each. Post–bonus paid up share capital Rs 35,00,35,000 divided into 3,50,03,500 equity shares of Rs 10 each.

Pooja Entertainment & Films Ltd, incorporated in 1986, is a leading entertainment content house in India. The company is involved in co-production, own production, and distribution of films in India and overseas. It has a two-fold business strategy: to develop high-quality content and to distribute Bollywood and international movies.

On Tuesday, shares of the company ended the trading session in green, up 5 per cent to Rs 265.40 per share from its previous closing of Rs 206.40 per share. The stock’s 52-week high is Rs 289.95 and its 52-week low is Rs 149.40. The shares of the company saw a spurt in volume by more than 1.2 times on BSE.

Talking about the financials, the company has a market cap of over Rs 130 crore. In its Quarterly Results (Q1FY24), the net sales increased by 20 per cent to Rs 15.69 crore and net profit decreased by 9 per cent to Rs 1.53 crore compared to Q1FY23. According to the annual results, the net sales increased by 90.14 per cent to Rs 46.49 crore and net profit increased by 2.5 per cent to Rs 2.87 crore in FY23 compared to FY22.

The stock gave multibagger returns of over 300 per cent in just 3 years. Investors should keep an eye on this micro-cap stock.

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