Bonus issue: This multibagger SME stock closed at a new all-time high after locking in 10 per cent upper circuit!

Its stock soared 120 per cent in a single year while in a span of just five days, it gave stellar returns of nearly 60 per cent to the stockholders!   

A surge in volume with a rise in prices allowed the shares of SecMark Consultancy to achieve a new all-time high of Rs 227.70 per share on BSE. Only buyers were visible as the stock got locked in the 10 per cent upper circuit.  

The meeting of the company’s board of directors is scheduled to be held on August 23 to recommend as well as approve the issue of bonus shares to the equity shareholders of the company and also, to approve the proposal of migration of the company from the SME platform to the main boards of BSE & NSE.  

Its stock soared 120 per cent in a single year while in a span of just five days, it gave stellar returns of nearly 60 per cent to the stockholders!   

Taking into account the company's financial performance, it reported a growth of 91.62 per cent from Rs 7.59 crore registered in FY21, recording total revenue of Rs 14.54 crore in FY22. It has reported strong EBITDA growth of 55.97 per cent. Comparing the net profit for FY22 to the last year, it increased significantly by 68.93 per cent from Rs 1.57 crore to Rs 2.66 crore.    

SecMark Consultancy is a one-stop shop for all needs, including business setup, regulatory registrations, help with finances, risk management, compliance, taxation, legal issues, and software development.  

Keep a close eye on this scrip for the upcoming sessions!