Multibagger penny stock below Rs 40 hit 52-week high; Company bagged order worth Rs 47,38,06,800 from Government of Maharashtra
The stock gave multibagger returns of 180 per cent from its 52-week low of Rs 13.41 per share and a whopping 4,450 per cent in 5 years.
On Monday, shares of SBC Exports Ltd gained 3.56 per cent from their previous closing of Rs 36.50 per share to Rs 36.50 per share. At the closing bell, shares of the company were trading at Rs 36.73 per share, up 0.63 per cent with a spurt in volume by more than 1.17 times on BSE.
Recently, SBC Exports Limited has been awarded with work order, totalling Rs 47,38,06,800, from the Directorate of Vocational Education & Training, Government of Maharashtra. This order is for the provision of manpower and related services in Pune and Mumbai. The work orders, numbered 13/DVET/2023-2024/WO/TE-23079/465 and 13/DVET/2023-2024/WO/TE-23078/463, are part of the Directorate's efforts to enhance vocational education and training in the state.
The work orders include specific terms and conditions that SBC Exports Limited must adhere to. These conditions cover various aspects of the contract, including the requirement to provide immediate alternative arrangements for absent team members, the forfeiture of a security deposit in case of non-compliance, payment terms and penalties for unsatisfactory services. Additionally, SBC Exports Limited is required to execute a contract agreement and pay a security deposit. The orders are domestic in nature and have a duration of three years.
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Additionally, the shares of the company ex-traded bonus shares in the ratio 1:2 i.e., 1 equity share for every 2 equity shares held by the existing equity shareholder of the company. The ex-record date was January 19, 2024. Pre-Bonus Issue Paid-up Share Capital – 21,16,40,000 Post Bonus Issue Paid-up Share Capital – 31,74,60,000.
SBC Exports Ltd was incorporated in 2011 with a market cap of over Rs 1,100 crore. It is engaged in the trading & manufacturing of garments, manpower supply services and tour operator services. Currently, the company has 70 distributors in India and receives an average of 75 new projects every year.
The net sales increased by 24 per cent to Rs 65.72 crore and net profit increased by 16 per cent to Rs 5.32 crore in Q1FY25 compared to Q1FY24. The net sales increased by 7 per cent to Rs 209.41 crore and net profit increased by 36.71 per cent to Rs 9.44 crore in FY24 over FY23. The stock gave multibagger returns of 180 per cent from its 52-week low of Rs 13.41 per share and a whopping 4,450 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.
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