Multibagger penny stock at Rs 1.43 hit upper circuit with heavy volume as company updates on its brewery project in Goa
The stock is up by 93.25 per cent from its 52-week low of Rs 0.74 per share and gave multibagger returns of 360 per cent in 3 years.
On Tuesday, shares of Khoobsurat Limited hit a 5 per cent upper circuit to Rs 1.43 from its previous closing of Rs 1.37 with an intraday high of Rs 1.43 and an intraday low of Rs 1.36. The stock’s 52-week high is Rs 1.63 and its 52-week low is Rs 0.74. The shares of the company saw heavy volumes on Tuesday’s closing.
Khoobsurat Ltd announced significant progress on its Brewery Project located at SA-22 & SA-23 Cuncolim Industrial Estate, Goa. This project represents a major commitment by the company to expand its production capacity and revenue streams.
Several key milestones have been achieved to date, demonstrating our dedication to bringing this project to fruition. In February 2024, a crucial step was taken when the Goa Industrial Development Corporation (GIDC) issued a registration order for the desired factory plot in our favour. Following this, a Tripartite Lease Deed was executed with GIDC's consent, granting us exclusive use of the plot specifically for beer manufacturing.
The project gained further momentum in April 2024 with the Goa State Pollution Control Board granting consent to establish the brewery. Additionally, in June 2024, the Government of Goa's Water Resources Department approved our application to drill a borewell on the factory premises, providing a reliable source of water for our operations.
These approvals represent significant advancements for the project. Once the processing at the local level is complete and a non-refundable fee is paid, the application will be forwarded for further action by higher authorities. Upon receiving the Establishment License, we will be able to proceed with ordering the brewery equipment and finally apply for the Manufacturing License for Beer. The Khoobsurat Ltd team is committed to advancing this project efficiently and we are confident in the positive impact it will have on our company's growth and value for our shareholders.
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About the Company
Khoobsurat Limited, established in 1982, specializes in finance and investments. The company's core business involves investing in both listed and unlisted shares and securities, in addition to providing other financial services. The company has a market cap of Rs 64 crore with a 3-year stock price CAGR of 68 per cent.
Quarterly Results: The company reported net sales of Rs 0.32 crore in Q1FY25. The operating profit increased by 482.9 per cent to Rs 0.44 crore and net profit increased by 269.6 per cent to Rs 0.21 crore in Q1FY25 compared to Q1FY24.
Annual Results: The company reported nil sales and net profit of Rs 0.14 crore in FY24 compared to net sales of Rs 0.73 crore and net profit of Rs 0.27 crore in FY23.
As of March 2024, the shareholding pattern of the company is 0.45 per cent and the rest of the stake is owned by public shareholders which is 99.55 per cent. The stock is up by 93.25 per cent from its 52-week low of Rs 0.74 per share and gave multibagger returns of 360 per cent in 3 years.
Disclaimer: The article is for informational purposes only and not investment advice.
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