100 Per Cent Returns From 52-Week Low: Multibagger Stock Under Rs 110 Hit Upper Circuit With Volume Spurt
The shares of the company saw a spurt in volume by more than 1.50 times on BSE.
On Friday, shares of Shanti Educational Initiatives Ltd (SEIL) hit a 5 per cent upper circuit to Rs 108.90 per share from its previous closing of Rs 103.75 per share. The shares of the company saw a spurt in volume by more than 1.50 times on BSE.
Shanti Educational Initiatives Ltd (SEIL), a division of the Chiripal Group based in Ahmedabad, India, offers a comprehensive range of educational services. Their network includes Shanti Asiatic Schools, operating in multiple cities with over 25,000 K-12 students enrolled, and Shanti Juniors, a chain of over 300 preschools across 74+ cities. In 2013, SEIL launched Shanti's Hopskotch Preschool, catering to parents seeking a premium preschool experience with a global learning approach and a clean environment.
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According to Quarterly Results, the net sales increased by 236 per cent to Rs 9.77 crore and net profit increased by per cent to Rs 2.50 crore in Q2FY25 compared to Q2FY24. In its half-yearly results, net sales increased by 87 per cent to Rs 19.60 crore and net profit increased by 50 per cent to Rs 5.60 crore in H1FY25 compared to H1FY24. Looking at its annual results, net sales increased by 73.3 per cent to Rs 19.05 crore and net profit increased by 8.3 per cent to Rs 3.65 crore in FY24 compared to FY23.
The company has a market cap of Rs 1,753 crore. The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 52.01 per share and a whopping 755 per cent in 3 years. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.