Multibagger stock below Rs 15: Don't miss action in this stock that has announced rights issue!
In just 2 years of span, the stock gave multibagger returns of Rs 272.48 per cent.
Shares of Parvati Sweetners and Power Limited rose today at the opening of trading, rising 5.74 per cent to Rs 10.69 per share from its previous closing of Rs 10.11. In just 2 years of span, the stock gave multibagger returns of Rs 272.48 per cent.
Recently, the company informed the exchanges that it has announced rights issue to the company's existing shareholders in the ratio 17:26 as of the record date. The issue price for the rights is Rs 5 per fully paid-up equity share. The record date for the rights issue has been confirmed as Wednesday, February 8, 2023.
Parvati Sweetners and Power Limited operates sugar mills. The company produces and supplies sugar and sugar-related products to the petroleum industries. Parvati Sweetners and Power serves customers in India. Today, shares of the company saw a spurt in volume by more than 1.32 times on BSE.
Talking about the financials, this FMCG company has a market cap of Rs 95 crore. The company reported successful performance in its annual report. The net sales and net profit rose by 21.93 per cent and 1.05 per cent respectively in FY22 compared to FY21. Promoters currently own 51.37 per cent of the company's shares, with the public holding the remaining 48.63 per cent as of December 2022.
The stock has a 52-week high of Rs 17.45 and a 52-week low of Rs 8.20. Investors should keep an eye on this Small-Cap multibagger stock.