Penny Stock Under Rs 5: This Profitable Microcap Company Likely to Announce Bonus and Dividend; Stock Hits Upper Circuit Today!

Double Dhamaka: The company's Board of Directors will be held on Monday, August 12, 2024, to discuss on Bonus Issue and Dividend.

Khoobsurat Limited, established in 1982, operates in the finance and investment sector, focusing on shares, securities, and other financial activities.

The company has announced that the company's Board of Directors will convene on Monday, August 12, 2024, to address several key items on the agenda:

bonus Shares Declaration: The Board will evaluate and consider the issuance of bonus equity shares, pending shareholder approval.

dividend Declaration: The Board will deliberate on the declaration of a dividend for equity shareholders.

Goa Brewery Business Strategies: The Board will review and discuss the business strategies and progress of the brewery project located at SA-22 & SA-23 Cuncolim Industrial Estate, Goa.

Following the announcement this penny stock hits the upper circuit and currently, it is at Rs 1.71 each on the BSE. The current market capitalization of the company stands at Rs 80.42 crore. Additionally, the shares of Khoobsurat Limited have delivered an impressive return of over 90 per cent in the past 1 year.

As per Quarterly Results in Q1 FY25, the company reported a quarterly revenue from operation of Rs 0.32 crore while the net profit of the company stood at Rs 0.21 crore in Q1 FY25 compared to a net profit of Rs 0.06 crore. Turning attention to the annual performance of the company, it reported a net profit of Rs 0.14 crore in FY24 compared to a profit of Rs 0.27 crore in FY23.

Regarding the shareholding pattern, the promoters own 0.13 per cent of the company and the public or retail investors hold 99.88 per cent.

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

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