750 per cent returns in this multibagger stock; Board likely to announce rights issue!
The stock gave multibagger returns of 750 per cent returns on just 1 year whereas the BSE Sensex Index is up by 19.75 per cent.
On Thursday, one of the Top Gainers on BSE, shares of Arunjyoti Bio Ventures Ltd jumped 5 per cent upper circuit to Rs 173.90 per share from its previous closing of Rs 165.55. At the closing bell, shares of the company were trading at Rs 170 per share, up 2.63 per cent.
Arunjyoti Bio Ventures Limited inform the Exchange that a meeting of the Board of Directors of the company is scheduled to be held on Saturday, June 17, 2023 at 03:00 p.m. at the Registered Office of the Company situated at Door No.1-98/1/JSIC/6F/604-B, 6" Floor, Jain Sadhguru Capital Park, Beside Image Gardens, Madhapur, Hyderabad — 500081, Telangana to consider the following:
1) To discuss on the terms of the rights issue including the size of the rights issue and number of securities proposed to be issued.
2. Any other matter with the permission of the Chair.
DSIJ offers a service 'Micro Marvel' with recommendations for micro-cap stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the service details pdf here
Arunjyoti Bio Ventures Ltd is in the business of FMCG, beverages, fertilizers, and agri inputs. The shares of the company saw a spurt in volume by more than 3.77 times on BSE.
The company has a market cap of Rs 36 crore with a 3-year CAGR of 171 per cent. In the Quarterly Results and annual results, the firm reported positive numbers.
The stock gave multibagger returns of 750 per cent returns on just 1 year whereas the BSE Sensex Index is up by 19.75 per cent. Investors should keep an eye on this micro-cap stock.