Penny Stock Under Rs 70 Locked In 20 Per Cent Upper Circuit As Company Bags Contract Worth Rs 1,240 Crore; 14.5 Times Its Market Cap
The shares of the company have a PE of 23x, an ROE of 53 per cent and an ROCE of 66 per cent.
Share Samadhan Limited (SSL) announced that its subsidiary, Nyaya Mitra Limited (NML), has secured a significant contract valued at Rs. 1,240 crores for litigation funding consulting services. This contract will involve NML providing expert advice and support in various legal matters, with the goal of recovering contingent assets worth Rs. 1,240 crores.
The contract marks a significant milestone for both SSL and NML, as it underscores their commitment to providing innovative and effective solutions for clients seeking to protect and assert their legal rights. NML's specialized litigation funding consulting services will enable clients to navigate complex legal proceedings with confidence and maximize their chances of a favourable outcome. This development further solidifies SSL's position as a leading provider of investment and money retrieval advisory services in India.
Share Samadhan Limited, established in 2011, provides comprehensive financial services to assist clients in safeguarding and retrieving their investments. Their expertise extends to a variety of financial instruments, including equities, mutual funds, debentures, bonds, insurance, provident funds and more. The company offers advisory solutions to help investors unlock value and resolve issues related to their financial assets. Additionally, Share Samadhan specializes in recovering unclaimed dividends and interest, as well as addressing problems with old or lost financial instruments, such as physical shares and outdated insurance or provident fund securities. Their services include handling transfers and transmissions to ensure smooth and efficient processes for its clients.
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On Thursday, shares of Share Samadhan Ltd hit 20 per cent upper circuit to Rs 69.86 per share from its previous closing of Rs 58.22 per share with a spurt in volume by more than 1.30 times on BSE. The stock’s 52-week high is Rs 76.10 and its 52-week low is Rs 55.
The company has a market cap of Rs 85.7 and above contract is 14.5x its current market cap. The shares of the company have a PE of 23x, an ROE of 53 per cent and an ROCE of 66 per cent. The stock is up by 27 per cent from its 52-week low of Rs 55 per share. Investors should keep an eye on this penny stock.
Disclaimer: The article is for informational purposes only and not investment advice.