3:5 Bonus Share: Penny Stock Under Rs 5; Company Bags New Order for 10,000 Units of Electric Kapoor Dani From Mangalam Brands Pvt Ltd
The company has a market cap of Rs 22 crore with a PE of 10x whereas the industry PE is 30x.
Sattva Sukun Lifecare Ltd announced the receipt of a significant purchase order from Mangalam Brands Pvt Ltd, for 10,000 units of their specialized Electric Kapoor Dani (Wooden) Sheesham Wood with Carving design. This single order specifies a temperature heating timing of 240 degrees in 5 minutes, with a stable temperature of 240 degrees, and a red LED indicator. This order represents a substantial quantity, highlighting the demand for Sattva Sukun Lifecare's unique product.
Earlier, shares of the company were traded at a bonus issue of 3 new equity shares for every 5 existing shares, to be issued by capitalizing its Securities Premium Account (Ratio 3:5). This move will increase the company's equity share capital from Rs 12 crore to Rs 19.2 crore. The ex-date for bonus shares was Friday, January 17, 2025.
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Sattva Sukun Lifecare Ltd (Formally known as Mayukh Dealtrade Ltd), established in 1980, manufactures and sells burners. The company's product line includes camphor sticks and various aroma burners, such as Mantra Aroma Burner, Brilliance with Timer, and Navkar Mantra Aroma Burner. In July 2021, they launched the Brilliance with a Timer aroma burner and expanded their business by acquiring a 60 per cent stake in Mayukh Medi Care Private Limited, a subsidiary focused on medical and general stores.
On Thursday, shares of Sattva Sukun Lifecare Ltd gained 5 per cent to Rs 1.20 per share from its previous closing of Rs 1.14 per share. The stock is down by 27.3 per cent from its 52-week high of Rs 1.65 per share while it is up by 60 per cent from its 52-week low of Rs 0.95 per share. The company has a market cap of Rs 22 crore with a PE of 10x whereas the industry PE is 30x. Investors should keep an eye on this penny stock.
Disclaimer: The article is for informational purposes only and not investment advice.