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Low price upper circuit stock under Rs 100: Promoters stake skyrocketed from 0.77 per cent to 65.24 per cent, company to announce results on Wednesday!
Rakesh Deshmukh

Low price upper circuit stock under Rs 100: Promoters stake skyrocketed from 0.77 per cent to 65.24 per cent, company to announce results on Wednesday!

The company’s stock has delivered an impressive returns of over 460 per cent in just one year only.

Arigato Universe is engaged in computer hardware and software as well as information and technology services. The company initially focused on the erection of mini cement plants and the manufacturing and trading of components related to it, alongside dealing in machinery for grinding, cutting, and polishing various materials such as minerals, cereals, pulses, spices, rice, etc. However, faced with a downturn in the market, the company redirected its business towards the IT industry.

Recent Update:

The Board Meeting for the Quarter and Year ended March 31, 2024, is scheduled to convene on Wednesday, May 29, 2024. The meeting will take place at the registered office of the Company. The agenda includes the consideration and approval of the Audited Financial Results for the Quarter and Year ended March 31, 2024, along with the Annual Audited Report. Additionally, the meeting will address the appointment of the Internal Auditor for the Financial Year 2024-25, the appointment of the Secretarial Auditor for the Financial Year 2024-25, and any other pertinent items.

Share Performance:

On Friday, the company's stock closed at around Rs 95.39 per share, with a market capitalisation of Rs 58.15 crore. Additionally, the stock has delivered a multibagger return of around 461 per cent in the past year.

Financial performance:

According to the Quarterly Results, in Q3 FY24, the company reported a revenue of Rs 0.23 crore and a net profit of Rs 0.06 crore. In FY23, the company reported a revenue of Rs 0.32 crore and a net profit of Rs 0.05 crore, compared to a net profit of Rs 0.10 crore in the previous year.

As per the latest shareholding pattern, the promoters now hold approximately 65.24 per cent compared to 0.77 per cent in Q3 FY24. Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) do not hold any stake, while public investors hold 34.76 per cent of the company.

Investors must keep this micro-cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.

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