Speaker manufacturing company’s stock hit 10 per cent upper circuit; Board likely to announce bonus shares!
The stock is up by 72.3 per cent from its 52-week low of Rs 73.15 per share and gave multibagger returns of 1,643.4 per cent in 3 years.
Pulz Electronics Ltd informed that a meeting of the Board of Directors is scheduled to be held on Wednesday, September 04, 2024, at the Corporate Office of the Company at Kailashpati, 2nd Floor, Plot 10A, Veera Desai Road, Andheri (W), Mumbai 400053 at 3:00 pm, to consider and approve the following matters:
- To approve the draft director report of the company for the year 2023-24.
- To approve the draft annual report of the company for the year 2023-24
- To recommend the issue of fully paid bonus shares
- To approve the issue of notice of AGM.
- To approve the appointment of a scrutinizer for AGM
- To approve related party transactions.
- Any other business matter with the permission of the chair.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, do download the service details here.
Pulz Electronics Ltd, established in 2005, specializes in designing and producing high-quality audio systems. Their products utilize innovative coaxial technology and line array-based speaker systems, catering to diverse industries like cinema, pro audio, studio and home audio. Key product lines include CineLine, ProLine, StudioLine, Home Audio and Personal, offering a wide range of audio solutions such as speakers, amplifiers, signal processing, microphones and headphones. Pulz Electronics is committed to delivering cutting-edge audio experiences through its continuous development of new products like tower speakers, bookshelf speakers, satellite and subwoofer combinations, and augmented audio.
On Wednesday, shares of Pulz Electronics Ltd hit a 10 per cent upper circuit to Rs 126.05 per share from its previous closing of Rs 114.05 per share. The company has a market cap of Rs 137.44 crore with a PE of 17x, an ROE of 40 per cent and an ROCE of 52 per cent. The stock is up by 72.3 per cent from its 52-week low of Rs 73.15 per share and gave multibagger returns of 1,643.4 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.
Also Read: FMCG Company Acquires Single Largest Stake in Virat Kohli – Backed Digital First Brand ‘RAGE COFFEE’