Heavy Buying Alert & 1,000 Per Cent Returns: Multibagger Penny Stock Under Rs 30 Jumps 13.8 Per Cent With Volume Spurt
The shares of the company saw a spurt in volume by more than 3.30 times.
On Thursday, shares of Sindhu Trade Links jumped 13.8 per cent to Rs 26.20 per share from its previous closing of Rs 23.03 per share. The stock’s 52-week high is Rs 45.15 per share and its 52-week low is Rs 17.02 per share. The shares of the company saw a spurt in volume by more than 3.30 times.
Sindhu Trade Links Ltd is a diversified company primarily focused on transportation logistics and support services. The company's subsidiaries extend its operations into various sectors including media, overseas coal mining, and biomass-based power generation.
A significant portion of the company's business involves transportation, with a fleet of over 200 tippers and 100 loaders dedicated to coal transportation. They also operate a petrol pump and engage in lending activities, inherited from the merger of seven companies. Additionally, the company generates rental income from its land and building assets in Haryana, Chhattisgarh, and Delhi.
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According to Quarterly Results, the net sales decreased by 7 per cent to Rs 369.55 crore and net profit increased by 132 per cent to Rs 116.54 crore in Q2FY25 compared to Q2FY24. In its half-yearly results, the net sales increased by 12 per cent to Rs 923.64 crore and net profit increased by 136 per cent to Rs 188.04 crore in H1FY25 compared to H1FY24.
The company has a market cap of over Rs 3,800 crore with a CAGR of 55 per cent in 5 years. The stock is up by 54 per cent from its 52-week low of Rs 17.02 per share and gave multibagger returns of over 1,000 per cent in 5 years. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.