2:1 Bonus Issue & 10:1 Stock Split: Multibagger Penny Stock Under Rs 5 Hits Upper Circuit Today; Keep it on Radar

The company’s shares have delivered a return of around 220 per cent to its shareholders in just 1 year.

Incorporated in 1995, Ishan International Limited is contracting and building projects that focus on supplying machines, erection/installation, commissioning, and operational training for sugar plants, jaggery plants, pharmaceutical plants, hydropower plants, and pollution control systems.

At the start of the day's trading session, the stock opened at Rs 2.65 per share, compared to the previous day's closing figure of Rs 2.55 per share on the NSE. Finally, it closed the day at Rs 2.65 representing a surge of 3.92 per cent It also touched the upper circuit today. The current market capitalization of Ishan International Limited stands at Rs 57.30 crore, and the stock has generated an impressive multibagger return of around 220 per cent in just 1 year.

In Jan 2024, the company announced a 2:1 bonus share. Additionally, the company underwent a 10:1 stock split in Jan 2024.

As per the Quarterly Results, in the September quarter of FY24, Ishan International Limited recorded a revenue of Rs 9.01 crore. The operating loss for the September quarter stood at Rs 0.43 crore. The net profit for the September quarter was Rs 0.02 crore. Looking at the annual performance, the company generated a revenue of Rs 35.70 crore in FY23, compared to Rs 21.12 crore in FY22. The operating profit for FY23 was Rs 1.26 crore, with a net profit of Rs 0.52 crore.

Regarding the shareholding pattern, the promoters own 66.81 per cent of the company, while public or retail investors hold the remaining 33.19 per cent.

Investors must keep this micro-cap multibagger stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.