Multibagger penny stock under Rs 25 and promoters increase stake: This micro-cap company announces stellar quarterly & half-yearly results!

The stock gave multibagger returns of 175 per cent in 3 years.

Bhatia Communications & Retail (India) Ltd announced its stellar Quarterly Results and half-yearly results for the fiscal year 2024. Here are the details:

Results: According to the quarterly results, the net sales increased by 28.3 per cent to Rs 9,435.82 lakh and the net profit increased by 52 per cent to Rs 247.34 lakh in Q2FY24 compared to Q2FY23. According to the half-yearly results, the net sales increased by 34.5 per cent to Rs 19,142.53 lakh and the net profit increased by 91 per cent to Rs 604.82 lakh in H1FY24 compared to H1FY23. According to its annual results, the net sales increased by 34.27 per cent to Rs 313.48 crore and net profit increased by 61 per cent to Rs 8.48 crore in FY23 compared to FY22.

In the September 2023, promoters have increased holdings from 73.65 per cent to 73.66 per cent. The company has strong partnership with various companies like Apple, One Plus, Samsung, Vivo, Oppo, Realme, Mi, Motorola, Techno, Nothing, Noise, Boat, HP, Lenovo, Fire Boltt, etc. The company has an average 8 to 10 lakhs of capex per store with 172 stores across India (160 owned and 12 franchise).

Bhatia Communications & Retail (India) Ltd is engaged in the retail and wholesale distribution business of mobile handsets, tablets, data-cards, mobile accessories, mobile related products, home appliances and other electronic items. 

Today, shares of Bhatia Communications & Retail gained 1.93 per cent to Rs 20.59 per share with an intraday high of Rs 20.80 and an intraday low of Rs 19.74. The stock’s 52-week high is Rs 43.35 and its 52-week low is Rs 13.10. The stock gave multibagger returns of 175 per cent in 3 years and investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.