280 per cent jump in net profit in this multibagger stock; Board likely to announce bonus shares!
The stock has a PE of 16.3x, a ROE of 104 per cent and a ROCE of 58 per cent.
Sunrise Efficient Marketing informed that a meeting of the Board of Directors of the company is scheduled to be held on Monday, July 03, 2023 at 1:00 P.M. at the Registered Office of the company inter alia, to transact the following major businesses:
1. To discuss, consider and approve the issue of bonus shares to the equity shareholders of the company. The Company will inform in due course, the “Record Date” for determining shareholders entitled to receive bonus shares.
Sunrise Efficient Marketing Limited engages in the business of trading, distributing, and wholesaling different types of industrial products such as electrical items, electronic items, spare parts, etc. The company distributes automotive parts, gearboxes, motors, pumps, oils, and FMCG products.
DSIJ offers a service 'Micro Marvel' with recommendations for micro-cap stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the service details pdf here
SEML has a market cap of Rs 175 crore. The net sales increased by 77.34 per cent to Rs 60.81 crore and net profit increased by 280.92 per cent to Rs 6.59 crore in H2FY23 over H2FY22. The net sales increased by 50.66 per cent to Rs 96.83 crore and net profit increased by 63.60 per cent to Rs 8 crore in FY23 over FY22.
On Friday, at the closing bell, shares of Sunrise Efficient Marketing plunged 0.22 per cent to Rs 270 per share. The stock has a PE of 16.3x, a ROE of 104 per cent and a ROCE of 58 per cent.
The stock gave multibagger returns of 214 per cent from its 52-week low of Rs 81.80 per share. Investors should keep an eye on this micro-cap stock under the radar.
Related articles
-
Multibagger from its 52-week low: This micro-cap stock to pay bonus shares for the first time ever; Ex-date tomorrow!
-
160 per cent returns in this low PE high ROE multibagger stock; Board announces bonus shares!
-
Multibagger in just 1 year; Board announced bonus shares!
-
Promoter Group was allocated 9,30,000 shares: 2:1 bonus share, 2:1 stock split with 4,000 per cent multibagger returns; scrip hit upper circuit on March 20
-
2:1 bonus share, 2:1 stock split with 4,500 per cent multibagger returns: Board approve USD 50,00,000 fund raising through issue of foreign currency-denominated bonds!
-
5:1 stock split after 57:10 bonus shares 10 years ago: Back-to-back upper circuits & 52-week highs in this multibagger power stock; rockets 50,000 per cent!
-
1:1 bonus share; 5:1 stock split: Heavy buying in this multibagger micro-cap stock at Rs 168.60; hit back-to-back upper circuits & 52-week highs!
-
Multibagger returns from its 52-week low; Board likely to announce bonus shares & fundraising through various means!
-
From Rs 5.85 to Rs 202 per cent share: Board announces 1:1 bonus share; scrip hit 52-week high!
-
Double treat with 7:1 bonus share & 10:1 stock split: Heavy buying in this multibagger NBFC stock; hit non-stop 34 consecutive upper circuits – know the record date inside
-
80,000 per cent multibagger returns; Board likely to announce bonus shares!
-
8,000 per cent multibagger returns; Board announces 6:11 bonus shares and 10:1 stock split – PAT zooms 1,294 per cent
-
Low PE high ROE stock at Rs 117 per share; Board likely to announce bonus shares and expands business with G S Caltex
-
Keep an eye on this multibagger small-cap stock that was locked in upper circuit on January 29; gains over 100 per cent YTD and announces bonus shares & fund-raising plan!
-
Multibagger from its 52-week low: Board likely to announce bonus shares and dividend; stock trades at high ROE & high ROCE!
-
Multibagger penny stock under Rs 50 with 1,500 per cent returns; Board announced bonus shares in ratio 2:1
-
770 per cent multibagger returns and FIIs & DIIs increase stake: Board announced bonus share in ratio 5:1
-
2:1 Bonus Share & PAT jumps 245 per cent: Heavy buying multibagger penny stock under Rs 60; hit back-to-back upper circuits – record date inside!
-
From Rs 49 to Rs 110 in just 1 year: This multibagger small-cap company extends its presence in railway and power sector PSUs with an unexecuted order book worth Rs 1,420.27 crore – details inside!
-
Multibagger penny stock below Rs 5 hit upper circuit as the Board fixed record date for bonus shares in ratio of 1:5