257 Per Cent Returns From 52-week Low of Rs 52.01 Per Share; Board Likely To Announce Bonus Shares
The stock gave multibagger returns of 257 per cent from its 52-week low of Rs 52.01 per share and a whopping 2,030 per cent in 3 years.
On Tuesday, shares of Shanti Educational Initiatives Ltd (SEIL) hit a 5 per cent upper circuit to Rs 185.70 per share from its previous closing of Rs 176.90 per share.
Shanti Educational Initiatives Limited has scheduled a Board meeting on Saturday, December 14, 2024, to discuss and approve an increase in the company's authorized share capital to accommodate the issuance of bonus equity shares, consider the proposal for issuing bonus equity shares to its shareholders and any other matter with the Chairman's permission.
Shanti Educational Initiatives Ltd (SEIL), a division of the Chiripal Group based in Ahmedabad, India, offers a comprehensive range of educational services. Their network includes Shanti Asiatic Schools, operating in multiple cities with over 25,000 K-12 students enrolled, and Shanti Juniors, a chain of over 300 preschools across 74+ cities. In 2013, SEIL launched Shanti's Hopskotch Preschool, catering to parents seeking a premium preschool experience with a global learning approach and a clean environment.
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According to Quarterly Results, the net sales increased by 236 per cent to Rs 9.77 crore and net profit increased by per cent to Rs 2.50 crore in Q2FY25 compared to Q2FY24. In its half-yearly results, net sales increased by 87 per cent to Rs 19.60 crore and net profit increased by 50 per cent to Rs 5.60 crore in H1FY25 compared to H1FY24. Looking at its annual results, net sales increased by 73.3 per cent to Rs 19.05 crore and net profit increased by 8.3 per cent to Rs 3.65 crore in FY24 compared to FY23.
The company has a market cap of Rs 2,986 crore. The stock gave multibagger returns of 257 per cent from its 52-week low of Rs 52.01 per share and a whopping 2,030 per cent in 3 years. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.