Multibagger penny stock under Rs 40; Board likely to announces bonus shares

The stock gave multibagger returns of 162 per cent in just 1 year and a whopping 1,100 per cent in a decade.

Sakuma Exports Ltd that the Meeting of the Board of Directors of the Company is scheduled to be held on Monday, July 01, 2024, at 12:00 Noon at the Registered Office of the Company, inter-alia to consider and approve the following:

• The proposal for the issue of bonus shares to the equity shareholders of the company to further reward their trust and investment in the company.
• To consider any other business with the permission of the chair.

Sakuma Exports Ltd is a multifaceted company dealing in the international trade of various commodities. They specialize in buying, processing, marketing, and exporting bulk agricultural products like sugar, edible oils, oilseeds, pulses, and cotton. Their reach extends beyond just physical goods, as they also offer innovative financial products linked to these commodities. However, their expertise goes beyond agriculture. Sakuma Exports also deals in petrochemicals, petroleum, minerals, renewable energy, and even distribution and supply chain management, making them a true one-stop shop for a wide range of commercial needs.

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On Friday, shares of Sakuma Exports Ltd plunged 0.25 per cent to Rs 36.35 per share with an intraday high of Rs 37.50 and an intraday low of Rs 36.30 from its previous closing of Rs 36.44. The stock’s 52-week high is Rs 38.42 and its 52-week low is Rs 13.15.

The company has a market cap of Rs 1,140 crore with a 3-year stock price CAGR of 55 per cent. The stock gave multibagger returns of 162 per cent in just 1 year and a whopping 1,100 per cent in a decade. Investors should keep an eye on this micro-cap stock.

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