Penny stock under Rs 5; Board likely to announce rights issue!
The shares of the company gave 68.75 per cent returns in 3 years to its investors.
Pro Fin Capital Services Ltd informed that a meeting of the Board of Directors of the company is scheduled to be held on Tuesday, July 04, 2023 to, inter-alia, consider the subject to the approval of shareholder raising of funds through the issue of shares on Rights basis/issue of equity shares on a preferential basis or through any other mode.
Pro Fin Capital Services Ltd is engaged in the financial sector and capital market services. Previously, the company announced bonus shares in the ratio 2:1 and a stock split from Rs 10 to Rs 1 which traded ex-bonus and ex-split on April 28, 2022.
Talking about the financials, the company has a market cap of Rs 22.68 crore with a 3-year CAGR of 19 per cent. The company reported positive numbers in its Quarterly Results and annual results. In FY23, the company reported net sales of Rs 20.15 crore and net profit of Rs 0.73 crore.
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On Friday, shares of Pro Fin Capital Services surged 1.90 per cent to Rs 1.07 per share from its previous closing of Rs 1.05. The shares of the company traded at an intraday high of Rs 1.08 and an intraday low of Rs 1.04.
The stock has a 52-week high of Rs 2.47 per share and a 52-week low of Rs 0.99 per share. The shares of the company gave 68.75 per cent returns in 3 years to its investors. This micro-cap stock should be kept under the radar.