2,350 per cent multibagger returns; Board likely to announce bonus shares; Scrip trades at high ROE & high ROCE

The stock gave multibagger returns of 370 per cent in 3 years and a whopping 2,350 per cent in 5 years.

Monarch Networth Capital Ltd informed that the Board of Directors of the company is scheduled to be held on Sunday, July 28, 2024, inter alia, to consider and approve the following agenda items:

1. A proposal for an increase in the authorized share capital of the company and consequential amendment in the memorandum of association of the company to such amount as may be determined by the Board of Directors.
2. A proposal for raising funds by way of preferential issue of equity shares or any other permissible mode as may be considered appropriate, subject to all such regulatory and statutory approvals including approval of the shareholders of the company as may be required.
3. A proposal for the issue of bonus shares to the equity shareholders of the company subject to the approval of the shareholders of the company.
4. To consider convening an extraordinary general meeting / postal ballot process to seek approval of the shareholders in respect of the aforesaid proposal of fund raising and increase in the authorized share capital of the company, as required.
5. A proposal for appointment of M/s. M S K A & Associates (ICAI firm Registration Number:105047W) as Statutory Auditor of the Company in place of the existing retiring Statutory Auditor.

Monarch Networth Capital Ltd is a financial services company offering stock broking, mutual funds, insurance, financial planning and more. They have a presence across India with a network of branches, business associates and partnerships with banks and insurance companies. The company has a history of successful transactions and has subsidiaries specializing in different financial services. The company has a market cap of over Rs 2,000 crore and has delivered good profit growth of 58.5 per cent CAGR over the last 5 years.

On Wednesday, one of the Top Gainers on BSE, shares of Monarch Networth Capital Ltd gained 8.70 per cent to Rs 594 per share with an intraday high of Rs 613.45 and an intraday low of Rs 573.20. The stock’s 52-week high is Rs 690.30 and its 52-week low is Rs 297.45.

The shares of the company have an ROE of 43 per cent and an ROCE of 52 per cent. The stock gave multibagger returns of 370 per cent in 3 years and a whopping 2,350 per cent in 5 years. Investors should keep this small-cap under the radar.

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

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