10:1 Stock Split: Small-Cap Company Announces Record Date for Share Split; Stock Surges Over 830 per cent in Just 1 Year!
The company's shares have delivered an impressive return of over 830 per cent to their shareholders in just 1 year.
Incorporated in 1980, Worth Investment & Trading Company Limited operates as a finance and investment firm specializing in share market transactions. The company engages in acquiring, selling, transferring, subscribing for, holding, and otherwise dealing in shares, bonds, and stocks issued or guaranteed by various companies. Additionally, it provides financial assistance through private financing to identified groups.
The Board of Directors has fixed Wednesday, July 3, 2024, as the Record Date to ascertain the eligibility of shareholders for the stock split or Sub-division of shares from a Face Value of Rs. 10/- each to Rs. 1/- each. This decision follows approval by the shareholders at the Extra-Ordinary General Meeting held on Saturday, May 25, 2024.
On Wednesday shares of Worth Investment & Trading Company closed the day at Rs 342.20 per share on the BSE. Additionally, the stock has delivered a multibagger return of over 830 per cent in just 1 year.
As per Quarterly Results in Q4 FY24, Worth Investment & Trading Company reported a quarterly revenue from operation of Rs 1.42 crore compared to a revenue of Rs 0.75 crore, representing a growth on a YoY basis. The net loss of the company stood at Rs 0.58 crore in Q4 FY24 compared to a net profit of Rs 0.04 crore. Turning attention to the annual performance of the company, it reported a revenue of Rs 4.40 crore, compared to Rs 3.65 crore in FY23 representing a gain of 20.55 per cent YoY. Moreover, the company’s net profit stood at Rs 1.85 crore in FY24 compared to a profit of Rs 0.90 crore.
According to the shareholding pattern, the company's promoters hold 56.71 per share while the public or retail investors hold 43.30 per share.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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