5:1 Stock Split Announced by This Multibagger Small-Cap Company; Stock Gains Over 360 per cent in Just 1 Year!
The company’s shares have delivered an impressive return of over 360 per cent in the past 1 year.
Incorporated in 1992, Swastika Investmart Ltd engages in Stock Broking, DP, Merchant Banking, and the distribution of third-party products. At a meeting of the Board of Directors held today, Saturday, 20th July 2024 considered and approved the split of fully paid-up equity shares of the company from a face value of Rs 10 (Rupees Ten only) each into 5 (Five) equity shares with a face value of Rs 2 (Rupees Two only) each, subject to approval by the Company’s members through a postal ballot and other necessary statutory or regulatory approvals.
On Friday Swastika Investmart Ltd shares closed at around Rs 797.85 per share. The company’s current market capitalization stands at Rs 236.14 crore. The share of Swastika Investmart Ltd has delivered a multibagger return of over 365 per cent in just 1 year.
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As per the Quarterly Results, in the fourth quarter of FY24, Swastika Investmart Ltd recorded a revenue of Rs 36.54 crore. The operating profit for Q4 FY24 stood at Rs 8.71 crore. The net profit for Q4 FY24 was Rs 4.25 crore. Looking at the annual performance, the company generated a revenue of Rs 115 crore in FY24, compared to Rs 88 crore in FY23. The operating profit for FY24 was Rs 24 crore, with a net profit of Rs 12 crore compared to the price of Rs 6 crore.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.