230 per cent multibagger returns in this micro-cap stock; Board likely to announce bonus shares!

The stock gave multibagger returns of over 230 per cent in just 3 years.

Pooja Entertainment & Films Ltd informed that a meeting of the Board of Directors of the company shall be held on Saturday, October 28, 2023, to consider issuance of bonus shares subject to approval by the shareholders of the company.

Pooja Entertainment & Films Ltd, incorporated in 1986, is a leading entertainment content house in India. The company is involved in co-production, own production, and distribution of films in India and overseas. It has a two-fold business strategy: to develop high-quality content and to distribute Bollywood and international movies.

On Monday, shares of the company ended the trading session in the red, down 4.21 per cent to Rs 208.05 per share with an intraday high of Rs 216.50 and an intraday low of Rs 206.40 per share. The stock’s 52-week high is Rs 289.95 and its 52-week low is Rs 149.40.

Talking about the financials, the company has a market cap of over Rs 100 crore. In its Quarterly Results (Q1FY24), the net sales increased by 20 per cent to Rs 15.69 crore and net profit decreased by 9 per cent to Rs 1.53 crore compared to Q1FY23. According to the annual results, the net sales increased by 90.14 per cent to Rs 46.49 crore and net profit increased by 2.5 per cent to Rs 2.87 crore in FY23 compared to FY22.

The stock gave multibagger returns of over 230 per cent in just 3 years. Investors should keep an eye on this micro-cap stock.

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