1,200 Per cent Multibagger Returns in 2 Years: This Small-Cap Company Likely to Announce Bonus Shares by Year-End – Keep It on Your Radar!
The company’s shares have delivered an impressive return of over 3,100 per cent in the past 3 years only.
EFC (I) Ltd (formerly Amani Trading and Exports Ltd), incorporated in 1984 and engaged in the business of leasing office spaces, has announced that a meeting of its Board of Directors is scheduled for Friday, December 27, 2024. Among other matters, the Board will consider and approve a proposal for issuing bonus shares to the company’s shareholders.
Today the company’s shares saw a significant spike in its shares price probably reacting to this news and investors are positively taking this update.
The company boasts an impressive clientele, including industry leaders and renowned brands such as Tech Mahindra, Flipkart, Amazon, Godrej, CarTrade, Meta, Yulu, Westcorp, and Mahindra Finance, among others. These partnerships highlight the company's strong reputation and ability to cater to diverse sectors, ranging from technology and e-commerce to financial services and real estate.
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Share Performance
Today, the shares of EFC (I) Ltd rallied over 3 per cent and currently, are trading at around Rs 676.15 per share on the BSE. The current market capitalization stands at Rs 3,365 crore. The company’s shares have delivered a multibagger return of over 1,200 per cent in the last 2 years.
Financial Performance
As per the Quarterly Results in September 2024, EFC (I) Ltd reported revenue of Rs 166 crore compared to Rs 98 crore. The company posted an operating profit of Rs 79 crore with a margin of around 48 per cent compared to Rs 40 crore with a margin of around 41 per cent. The company reported a net profit of around Rs 37 crore compared to Rs 11 crore, representing an impressive growth YoY.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.