Stock below Rs 25 receives order worth Rs 10.84 crore from SBI and University of Delhi; hits 52-week high!

Promoters have increased holdings from 65.77 per cent to 65.81 per cent in March 2023 quarter.

SBC Exports Ltd is engaged in the trading and manufacturing of Garments, Manpower Supply Services & Tour Operator Services. 

The stock marked a fresh 52-week high of Rs 23.70 on Monday as the company received an order from State Bank of India worth Rs 84.39 lakh for three years. The order is for supply of Manpower. The stock’s 52-week high and low stands at Rs 4.75 and Rs 23.70, respectively. 

On Friday, the company was awarded a work order for providing clerical and multi-tasking staff (MTS) including laboratory attendant by University of Delhi. The aggregate purchase order cost of the said work order is approx. Rs 10 crore for two years. 

The shareholding pattern of the company is as follows- Promoters hold 65.8 per cent and public holds 34.2 per cent. Promoters have increased holdings from 65.77 per cent to 65.81 per cent in March 2023 quarter. Promoters pledged 0.11 per cent of shares in last quarter. Total pledge stands at 5.69 per cent of promoter holdings. 

The stock has seen an unprecedented run-up in the last one-year of 312.7 per cent. As a result, the stock has been a multibagger stock in just one-year. The stock has outperformed the Nifty50 index by a wide margin.