325 per cent jump in net profit in this multibagger stock; Board announced bonus shares!
Year to date, the stock is up by 90 per cent and generated multibagger returns of 112 per cent in just 1 year.
Focus Business Solutions Ltd informed that the Board of Directors of the company has approved bonus shares in the ratio of 4:5 i.e., 4 (Four) bonus equity shares of Rs 10 each for every 5 (Five) fully paid-up equity shares of Rs 10 each held by the Members of the company as on the record date, in place of 5:4, subject to the approval of the members of the company. The record date for the bonus issue will be set within a two-month period from the date of announcement.
On June 20, 2023, shares of the company were trading at Rs 72 per share, up 7.46 per share from its previous closing of Rs 67 per share. The stock also traded at a new 52-week high of Rs 72 per share.
Focus Business Solution Ltd in the business of recovery and collections for banks and financial institutions. The company has a market cap of 16 crore.
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Additionally, the company reported excellent numbers in its half yearly and annual results. The net sales increased by 27.50 per cent to Rs 9.85 crore and net profit skyrocketed 325 per cent to Rs 0.34 crore in H2FY23 compared to H2FY22.
Year to date, the stock is up by 90 per cent and generated multibagger returns of 112 per cent in just 1 year. Investors should keep an eye on this micro-cap stock.