Multibagger penny stock under Rs 100: This micro-cap company is into expansion of business after stock split; scrip up by 700 per cent!
The stock gave multibagger returns of 160 per cent in just 1 year and over 700 per cent in 3 years.
Shree Oswal Seeds and Chemicals Limited informed that the company presently working in the grain seed selling business now the management expanding its product offerings to selling vegetable seeds like coriander, fenugreek, peas, spinach and okra seeds aimed at further diversifying our product portfolio and meeting the growing demands.
Earlier, the Board of Directors of the company purpose sub-division/stock split existing equity shares of the company from 1 (one) equity share having a face value of Rs 10 (Rupees Ten only) each fully paid-up, into 5 (five) equity shares having a face value of Rs 2 (Rupees Two only) each fully paid-up as of record date. The stock split ex-traded on Friday, August 18, 2023.
Shree Oswal Seeds and Chemicals Limited is a producer, exporter and supplier of well-processed, de-husked and filtered seeds. The company has delivered good profit growth of 38.5 per cent CAGR over the last 5 years.
According to the financials, Shree Oswal Seeds and Chemicals Limited has a market cap of over Rs 500 crore with a 5-year stock price CAGR of 68 per cent. The company reported positive numbers in its Quarterly Results and annual results. The net sales increased by 13 per cent to Rs 272 crore and the net profit increased by 20 per cent to Rs 6 crore in FY23 over FY22.
On Monday, shares of Shree Oswal Seeds and Chemicals surged 0.21 per cent to Rs 71 per share with an intraday high of Rs 72 and an intraday low of Rs 69.55.
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The stock gave multibagger returns of 160 per cent in just 1 year and over 700 per cent in 3 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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