Multibagger stock under Rs 35: This small-cap service industry stock bags new order worth Rs 2,93,06,786; gains over 1300 per cent!

Shares of the company gained more than 40 per cent in the last six months.

SBC Exports Limited has been awarded a contract by the Employees Provident Fund Organisation (EPFO) for the Hiring of Technical Resources. The contract is worth Rs. 2,93,06,786.

SBC Exports Limited reported a strong second quarter for FY24, with net sales declining by 4.56 per cent to Rs 35.22 crore, compared to Rs 36.90 crore in the same quarter last year. The operating profit also experienced a significant increase of 79.47 per cent. The net profit for the quarter stood at Rs 2.17 crore, which was Rs 1.60 crore in the previous year's same quarter. 

SBC Exports Limited has delivered multibagger returns to its shareholders in the last three years. During this period, the company’s share price jumped from Rs 2.12 on December 11, 2020, to Rs 30.05 on December 08, 2023, an increase of about 1300% in a three-year holding period. An investment of Rs 1 lakh in the shares of this company three years ago would have turned to Rs 14.00 lakh today.   

SBC Exports Ltd was incorporated in 2011. It is engaged in the trading and manufacturing of garments, manpower supply services & tour operator services. Currently, the company has 70 distributors in India and receives an average of 75 new projects every year.

On Friday, the stock opened at Rs 31.09, with a high and low of Rs 31.35 and Rs 29.75, respectively. The stock ended the trading session at Rs 30.05, down by 2.37 per cent. The stock has a 52-week high of Rs 35.04 and a 52-week low of Rs 13.50.

The stock has shown strong growth and investors should keep a close eye on this stock.    

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