Multibagger in just 6 months: This micro-cap stock is set to trade ex-bonus tomorrow; do you own it?

The stock gave multibagger returns of 150 per cent in just 6 months and over 210 per cent in 1 year.

The stock markets were in a positive mood today, with the benchmark indices Sensex and Nifty trading higher. The Sensex is up by 0.06 per cent at 65,258, while the Nifty is up by 0.10 per cent at 19,413. About 2,207 shares have advanced, 1,180 have declined, and 142 were unchanged on BSE.

Today, one of the Top Gainers on BSE, shares of Focus Business Solutions Ltd jumped 8.49 per cent to Rs 115 per share from its previous closing of Rs 106. The stock also traded at a new 52-week high of Rs 115 per share. The shares of the company saw a spurt in volume by more than 1.14 times on BSE.

The Board of Directors of the company has approved bonus shares in the ratio of 4:5 i.e., 4 (Four) bonus equity shares of Rs 10 each for every 5 (Five) fully paid-up equity shares of Rs 10 each held by the Members of the company as on the record date. The company fixed the record date for the bonus issue as tomorrow, August 23, 2023.

Focus Business Solution Ltd in the business of recovery and collections for banks and financial institutions. The company has a market cap of 25.55 crore.

Additionally, the company reported excellent numbers in its half-yearly and annual results. The net sales increased by 27.50 per cent to Rs 9.85 crore and net profit skyrocketed 325 per cent to Rs 0.34 crore in H2FY23 compared to H2FY22.

The stock gave multibagger returns of 150 per cent in just 6 months and over 210 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.