DSIJ Mindshare

Penny stock under Rs 10: Board approves fresh issuance of warrants to promoter at Rs 4/warrant; to raise up to Rs 97,00,00,000!

The stock is up by 65 per cent in just 1 month.

Kiran Shroff 0 8825 Article rating: 3.9

This micro-cap company has a market capitalization of over Rs 700 crore and very little debt. The company has only Rs 30.4 crore in outstanding debt, which is just 4.15 per cent of its current market capitalization. This means that the company is essentially debt-free.

Penny stock under Rs 5: This micro-cap company to raise up to Rs 40,00,00,000 by allotting convertible warrants to promoter!

The stock is up by 50 per cent in just 1 month.

Kiran Shroff 0 9027 Article rating: 3.8

According to the quarterly results, the company's net sales increased by 6.48 per cent to Rs 98.89 crore in Q1FY24, compared to Q1FY23. Profit before tax (PBT) increased by a whopping 420.50 per cent to Rs 12.92 crore, while profit after tax (PAT) increased by 340 per cent to Rs 11.70 crore.

Penny stock under Rs 5 to raise funds up to Rs 50,00,00,000 through QIP issue after debt reduction programme!

From 0.19 per share to Rs 2.93 per share, the stock gave multibagger returns of over 1,442.11 per cent in 16 years.

Kiran Shroff 0 9764 Article rating: 4.0

Earlier, the company paid back another Rs 50 lakh, taking its total bank debt down to Rs 6 crore. The company plans to pay back an additional Rs 10 crore by the end of this quarter and become debt-free by FY2023-24. In FY23, the net sales increased by 61.2 per cent to Rs 403 crore and net profit increased by 900 per cent to Rs 10 crore compared to FY22.

Penny stock under Rs 5 jumps 18 per cent as it is likely to raise funds up to Rs 40,00,00,000 after acquiring 98 per cent equity of MSR Apparels Private Limited!

The stock is up by 40 per cent in just 1 month.

Kiran Shroff 0 8775 Article rating: 3.9

According to the quarterly results, the company's net sales increased by 6.48 per cent to Rs 98.89 crore in Q1FY24, compared to Q1FY23. Profit before tax (PBT) increased by a whopping 420.50 per cent to Rs 12.92 crore, while profit after tax (PAT) increased by 340 per cent to Rs 11.70 crore.

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