Penny stock under Rs 20: This micro-cap company reports a 1,000 per cent jump in revenue; scrip hit upper circuit!
The stock is up by 33 per cent in just 5 days, up 32 per cent in 1 year and gave multibagger returns of 140 per cent in 2 years.
On Friday, one of the Top Gainers on BSE, shares of JMJ Fintech Ltd jumped 20 per cent upper circuit to Rs 18.45 per share from its previous closing of Rs 15.38. The shares of the company saw a spurt in volume by more than 4.13 times on BSE.
JMJ Fintech Ltd, a leading NBFC company in India announced its Quarterly Results ended June 30, 2023, which was one of the reasons for the sudden rise in stock price. Details below:
Financial Highlights for the Q1FY24:
- Total Revenue stood at Rs 0.78 crore, up 1,017.14 per cent over Q1FY23.
- Operating profit stood at Rs 0.30 crore, up 330.77 per cent over Q1FY23.
- Profit After Tax of Rs 0.19 crore, up 290 per cent over Q1FY23.
- The EPS for Q1FY24 is Rs 0.15.
According to the annual results, the net sales increased by 502.05 per cent to Rs 3.82 crore, the operating profit increased by 1,918.87 per cent to Rs 1.07 crore and the net profit increased by 1,597.96 per cent to Rs 0.83 crore in FY23 over FY22.
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JMJ Fintech Ltd is in the business of providing loans and investing/ trading shares. The company has a market cap of Rs 22.88 crore.
The stock is up by 33 per cent in just 5 days, up 32 per cent in 1 year and gave multibagger returns of 140 per cent in 2 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.