Debt-Free Multibagger Penny Stock Under Rs 5: Micro-Cap Company Launches Solar Energy Finance Products; Complete Details Inside
The stock gave multibagger returns of 860 per cent in just 2 years and a whopping 2,920 per cent in 5 years.
On Tuesday, the shares of Sunshine Capital Ltd gained 1.44 per cent to Rs 2.11 per share from its previous closing of Rs 2.08 per share. The stock’s 52-week high is Rs 4.13 while its 52-week low is Rs 1.22. The company has a market cap of over Rs 1,100 crore and shares of the company saw a spurt in volume by more than 1.30 times.
Sunshine Capital Limited, has announced that its Board of Directors has approved plans to launch a suite of financial products focused on financing solar energy adoption. These products are designed to make green energy solutions more accessible and affordable to consumers through flexible financing options. By simplifying the process of investing in solar panel installations, the company aims to encourage a wider adoption of renewable energy sources. This initiative aligns with the company's commitment to sustainable practices and its goal of reducing carbon footprints.
In addition to the solar energy finance initiative, the Board has decided to consolidate all consumer-facing offerings, including insurance broking, mutual fund distribution, retail loans, and solar financing, under a single brand identity. This unified brand will be unveiled soon and is expected to strengthen the company's market presence and customer recognition.
About Sunshine Capital Ltd
Sunshine Capital Ltd, established in 1989, navigates the financial realm through share trading, investing, and financing activities. Recognized as a non-deposit non-systematically important non-banking financial company, it holds its ground in India's credit reporting sphere with registrations across all four RBI Authorized CICs. According to Quarterly Results, the company reported net sales of Rs 5.78 crore in Q2FY25 compared to net sales of Rs 1.85 crore in Q2FY24. The company reported s turnaround net profit of Rs 3.30 crore in Q2FY25 compared to a net loss of Rs 0.86 crore in Q2FY24, an increase of 484 per cent.
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Sunshine Capital Ltd has achieved a debt-free status by successfully raising funds through a preferential issue of equity shares, solidifying its financial position for future growth. The company is strategically expanding into the retail loan segment, offering home loans and education loans, particularly targeting students pursuing studies abroad and seeking partnerships with international universities. Recognizing India's potential in AI, Sunshine Capital Ltd is investing in early-stage tech and AI start-ups to capitalize on the growing technological advancements and position itself as a leader in the AI revolution.
The promoters of the company own 19.03 per cent and the public holds 80.98 per cent stake as of July 2024. The stock gave multibagger returns of 860 per cent in just 2 years and a whopping 2,920 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.