62 Per Cent From Its 52-Week Low: Penny Stock Below Rs 30 Surges; 5th Consecutive Upper Circuit
The stock is up by 62 per cent from its 52-week low of Rs 17.35 per share and gave multibagger returns of 265 per cent in 5 years.
Today, shares of Bhatia Communications & Retail Ltd hit a 5 per cent upper circuit to Rs 28.11 per share from its previous closing price of Rs 26.78 per share. The stock’s 52-week high is Rs 38.90 and its 52-week low is Rs 17.35.
Bhatia Communications & Retail (India) Limited is a major player in the retail and wholesale distribution of mobile devices, accessories, home appliances, and other electronic products. The company boasts strong partnerships with leading brands such as Apple, Samsung, OnePlus, Vivo, Oppo, Realme, Xiaomi, Motorola, Techno, Nothing, Noise, Boat, HP, Lenovo, Fire Boltt, and more. With an average capital expenditure of Rs 8 to 10 lakhs per store, Bhatia Communications operates a network of 172 stores across India, including 160 owned stores and 12 franchise stores.
Bhatia Communications & Retail (India) Limited has declared a final dividend of Re 0.01 per equity share (1%). This dividend was approved by shareholders at the company's Annual General Meeting on September 6, 2024. The dividend will be paid to shareholders within the timeframe outlined by the Companies Act, 2013. The record date for determining eligibility for the dividend is Tuesday, September 24, 2024. Shareholders who hold shares on this date will be entitled to receive the dividend. Dividend entitlement will be based on the beneficial ownership as recorded by the National Securities Depository Limited (NSDL) and the Central Depository Services (India) Limited (CDSL) on the record date.
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Results: According to the Quarterly Results, the net sales increased by 11.62 per cent to Rs 104.82 crore in Q1FY25 compared to net sales of Rs 93.91 crore in Q4FY24. The net profit increased by 22.5 per cent to Rs 3.65 crore in Q1FY25 compared to Rs 2.98 crore in Q4FY24. In its annual results, the net sales increased by 31.3 per cent to Rs 413.79 and the net profit increased by 20.8 per cent to Rs 11.52 crore in FY24 compared to FY23.
The company has a market cap of over Rs 350 crore with a PE of 30x, an ROE of 20 per cent and an ROCE of 22 per cent. The stock is up by 62 per cent from its 52-week low of Rs 17.35 per share and gave multibagger returns of 265 per cent in 5 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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