Multibagger penny stock under Rs 65 with 680 per cent returns; Board likely to announce bonus shares; PAT zooms over 150 per cent!
The stock gave multibagger returns of 680 per cent in 3 years.
Shree Oswal Seeds and Chemicals Limited informed that a meeting of the Board of Directors of the Company is scheduled to be held on Monday, December 18, 2023 at the Registered Office of the Company to transact the following businesses: -
- To consider and discuss the matter of issue of bonus shares subject to the approval of shareholders of the company.
- Other routine matters with the permission of the chair.
Earlier, the Board of Directors of the company had previously proposed a sub-division/stock split of existing equity shares from 1 (one) equity share having a face value of Rs 10 (Rupees Ten only) each fully paid-up, into 5 (five) equity shares having a face value of Rs 2 (Rupees Two only) each fully paid-up as of the record date. This stock split was executed on Friday, August 18, 2023.
Shree Oswal Seeds and Chemicals Limited is a producer, exporter and supplier of well-processed, de-husked and filtered seeds. According to the financials, Shree Oswal Seeds and Chemicals Limited has a market cap of over Rs 470 crore with a 5-year stock price CAGR of 65 per cent.
The company reported positive numbers in its Quarterly Results and annual results. The net sales increased by 100.6 per cent to Rs 65.55 crore and the net profit increased by 150.1 per cent to Rs 0.64 crore in Q2FY24 over Q2FY23.
On Monday, shares of Shree Oswal Seeds and Chemicals surged 1.64 per cent to Rs 62.15 per share with an intraday high of Rs 63.85 and an intraday low of Rs 61.95. The stock gave multibagger returns of 680 per cent in 3 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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