Low PE & High ROE Stock Hit Upper Circuit For 5th Trading Sessions As Board Is Likely To Announce Stock Split
The stock gave multibagger returns 157 per cent in just 6 months and a whopping 360 per cent in 1 year.
Shardul Securities Ltd informed that the Board of Directors of company will be meeting on Monday, November 11, 2024 at 814/815 Tulsiani Chambers, Nariman Point, Mumbai 400 021 at 5.00 p.m., inter alia, to consider and approve the following: -
- To consider inter-alia un-audited financial results of the company for the quarter and half year ended September 30, 2024 in terms of Regulation 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.
- To consider and approve the proposal for sub-division/ stock split of existing equity shares of the company having a face value of Rs 10 each, fully paid up, in such manner as may be determined by the Board of Directors and consequently alteration of MOA of the company, subject to the approval of equity shareholders of the company and other applicable approval(s) (if any).
- Any other matters with permission of chair.
Shardul Securities Ltd., established in 1985, is a prominent player in the Indian investment and finance sector. Initially focused on lease financing for manufacturing and service industries, the company has since adapted to evolving market dynamics. Today, it primarily engages in investment banking activities, catering to a diverse clientele.
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As a Non-Banking Financial Company (NBFC), Shardul Securities offers a comprehensive range of financial services. These include equity and debt investments, trading in bonds and derivatives, mutual fund investments, IPO funding, forex advisory, and loan syndication. The company's subsidiary, Shiryam Broking Intermediary Limited, specializes in brokerage services for equities, bonds, and derivatives. The company's client base comprises a mix of commercial and cooperative banks, mutual funds, financial institutions, corporates, high-net-worth individuals, foreign institutional investors and insurance companies.
On Thursday, shares of Shardul Securities Ltd was locked in a 2 per cent upper circuit to Rs 492.40 per share from its previous closing of Rs 482.80 per share. The company has a market cap of Rs 861.62 crore and stock’s 52-week high is Rs 556.85 & its 52-week low is Rs 102.85. The shares of the company have a PE of 5x and an ROE of 30 per cent. The stock gave multibagger returns 157 per cent in just 6 months and a whopping 360 per cent in 1 year. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.