10:1 Stock Split Announced by This Multibagger Financial Service Company; PAT Surged by 350 per cent in FY24!
The company’s shares have delivered an impressive return of over 1700 per cent in just 3 years only.
Incorporated in 1991, IM+ Capitals Ltd is in the business of investment and finance. IMCL is a corporate and transaction advisory company with a specialized focus on the real estate sector and distress debt resolution advisory. It primarily operates in financial advisory, asset management, wealth management, management consultancy, retail, and institutional broking, with fee-based and lending business activities. It caters to both corporate and retail clients. The company was taken over by Rudrabhishek Enterprises Ltd, which assists in real estate and infrastructure design, development, and implementation.
At its meeting held today, July 8, 2024, the Board of Directors of the Company considered and approved, among other matters, the recommendation for the subdivision of equity shares or stock split. Each fully paid-up equity share with a face value of Rs 10 will be subdivided into equity shares with a face value of Re 1 each. The "Record Date" for this subdivision will be determined subsequently by the Board of Directors, following approval by the shareholders at a General Meeting of the Company.
Read Under Rs 10: This Infra Company Bags Order Worth Rs 8,50,00,000 from Apar Industries & Mastercook; Stock Rallies Around 10 per cent Today!
Today IM+ Capitals Ltd shares closed at around Rs 905 per share. The company’s current market capitalization stands at Rs 1078.90 crore. The stock has delivered a multibagger return of over 1700 per cent in just 2 years.
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As per the Quarterly Results, in the fourth quarter of FY24, IM+ Capitals Ltd recorded a revenue of Rs 140 crore. The operating profit for Q4 FY24 stood at Rs 3 crore. The net profit for Q4 FY24 was Rs 12 crore. Looking at the annual performance, the company generated a revenue of Rs 525 crore in FY24, compared to Rs 132 crore in FY23. The operating profit for FY24 was Rs 54 crore, with a net profit of Rs 94 crore compared to the price of Rs 21 crore representing a growth of around 347 per cent YoY.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.