880 per cent returns: This multibagger small-cap stock announces record date for stock split!
On Tuesday, shares of the company surged by more than 3 per cent and traded at its new 52-week high of Rs 1,664.20.
Sarda Energy & Minerals Limited (SEML) is a leading company under the Sarda Group, specializing in the manufacturing of steel, ferro alloys and power. SEML's product portfolio encompasses a diverse range of offerings such as Wires Rods, HB Wires, Ferro Alloys, Pellets, Sponge Iron and Billets.
On July 17, 2023, Sarda Energy and Minerals recently announced that the Record Date for the sub-division/split of existing Equity Shares has been fixed as August 4, 2023. Furthermore, as per the approval received through Postal Ballot on July 13, 2023, each current Equity Share, which has a face value of Rs 10, will be split into 10 Equity Shares with a face value of Rs 1 each.
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The company has delivered stellar returns of 90 per cent over the past year and exceptional returns of 885 per cent over the past 3 years. Additionally, the company has a ROCE of 19.8 per cent and a ROE of 18.8 per cent. Moreover, the company has been able to grow its sales by 67 per cent (CAGR) for the past 3 years and net profit has grown by 67 per cent (CAGR) for the same period.
On Tuesday, shares of the company surged by more than 3 per cent and traded at its new 52-week high of Rs 1,664.20.
Investors should keep a close eye on this trending stock.