Stock Hits Back-to-Back Upper Circuits After 5:1 Share Split Announced by This Small-Cap Company; Stock Gains Over 400 per cent in Just 1 Year!
The company’s shares have delivered an impressive return of over 400 per cent in the past 1 year.
Incorporated in 1992, Swastika Investmart Ltd engages in Stock Broking, DP, Merchant Banking, and the distribution of third-party products. At a meeting of the Board of Directors held today, Saturday, July 20, 2024 considered and approved the split of fully paid-up equity shares of the company from a face value of Rs 10 (Rupees Ten only) each into 5 (Five) equity shares with a face value of Rs 2 (Rupees Two only) each, subject to approval by the Company’s members through a postal ballot and other necessary statutory or regulatory approvals.
Today Swastika Investmart Ltd shares closed at around Rs 879.55 per share. The company’s current market capitalization stands at Rs 260.32 crore. The stock has delivered a multibagger return of over 415 per cent in just 1 year.
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The company has recently announced its June quarter results and as per the Quarterly Results, in the first quarter of FY25, Swastika Investmart Ltd recorded a revenue of Rs 38.54 crore. The operating profit for Q4 FY24 stood at Rs 10.63 crore. The net profit for Q4 FY24 was Rs 6.27 crore. Looking at the annual performance, the company generated a revenue of Rs 115 crore in FY24, compared to Rs 88 crore in FY23. The operating profit for FY24 was Rs 24 crore, with a net profit of Rs 12 crore compared to the price of Rs 6 crore.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.