Don’t miss action in this multibagger stock that has announced bonus shares and dividend!
The stock is up by 16 per cent in just 5 days, up by 40 per cent year to date and has given multibagger returns of over 160 per cent in 3 years.
IndiaMart InterMesh Ltd informed that The Board of Directors of the company have approved a bonus share in the ratio 1:1 and approved a final dividend of 200 per cent or Rs 20 per equity share having a face value of Rs 10 per share. The record date for dividend has been set by the company as May 11, 2023 and the record date for the bonus issue of shares has been fixed as June 21, 2023.
On Friday, shares of IndiaMart InterMesh zoomed 0.80 per cent to an intraday high of Rs 6,089.95 from its previous closing of Rs 6,042.05. At the closing bell, shares of the company ended the day in the red, down 1.09 per cent to Rs 5,975.95 per share. The stock is close to its 52-week high of Rs 6,101.30 per share.
IndiaMart InterMesh, the first and largest B2B digital marketplace in the country, today stands out as a game-changer in the B2B landscape. It focuses on integrating small and medium businesses (SMEs) into the new paradigm. Talking about the financials, IndiaMart has a market cap of over Rs 18,000 crore with a CAGR of 33 per cent in 3 years.
DSIJ offers a product 'Mid Bridge' with recommendations for Mid-Cap stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the product details pdf here
According to the consolidated Quarterly Results (Q4FY23), the net revenue rose by 33 per cent to Rs 269 crore and recorded a net profit of Rs 56 crore compared to Q4FY22. In FY23, consolidated annual results, the revenue rose by 31 per cent and recorded a net profit of Rs 284 crore compared to FY22.
The shares have a PE of 67.96x, an ROE of 20 per cent and a ROCE of 23 per cent. The stock is up by 16 per cent in just 5 days, up by 40 per cent year to date and gave multibagger returns of over 160 per cent in 3 years.
Investors should keep an eye on this mid-cap stock.
Related articles
-
Don’t miss action in this multibagger stock that has announced bonus shares and dividend!
-
Triple Bonanza! 4:1 Bonus share; 10:1 stock split & 100 per cent dividend announced: Stock doubled in just 48 days & PAT zooms 77 per cent!
-
4,700 per cent multibagger returns & FIIs increase stake: Auto forging stock gains over 15 per cent as Board is likely to announce bonus shares & dividend
-
Double Dhamaka: Board announces 1:1 bonus share & Rs 3.30/share final dividend; stock hit back-to-back upper circuits & 52-week highs!
-
1:2 bonus shares & final dividend of Rs 1,81,60,877.50 after stock split from Rs 5 to Rs 1; Scrip trades at high ROE & high ROCE
-
1:1 Bonus Shares & Rs 2.5/shares dividend: This multibagger IT-company announces stellar results & robust order book of over Rs 1,000 crore!
-
Bonus Alert: Single-digit PE & high ROE multibagger stock to give free shares after 7 years!
-
Bonus shares, stock split and dividend are likely in this multibagger penny stock below Rs 100; gains over 18 per cent in just 1 day!
-
Multibagger from its 52-week low: Board likely to announce bonus shares and dividend; stock trades at high ROE & high ROCE!
-
Multibagger penny stock below Rs 10: Board announces bonus shares and dividend; PAT zooms over 100 per cent!
-
Multibagger penny stock under Rs 10: Board likely to announce bonus shares, dividend and buyback of shares; PAT zooms over 100 per cent!
-
Multibagger penny stock below Rs 10; Board likely to announce bonus shares, dividend and buyback of shares!
-
FIIs bought 37,19,299 shares of this high ROE & ROCE multibagger penny stock: Board likely to announce bonus shares; PAT zooms over 180 per cent!
-
Multibagger penny stock below Rs 10 with 2,000 per cent returns: Board announce bonus shares & dividend!
-
Bonus shares and 700 per cent dividend announced: This multibagger IT company reports stellar quarterly and half-yearly results!
-
Ashish Kacholia gains Rs 57,80,75,000 from this multibagger small-cap stock; Board likely to announce bonus shares and dividend!
-
Multibagger penny stock under Rs 15: Bonus shares, dividend, buyback, and new collaboration on the horizon!
-
1,800 per cent returns: This multibagger electrical equipment stock to pay bonus shares after Rs 10/share dividend; Ex-date tomorrow!
-
1,900 per cent returns: Multibagger penny stock under Rs 10 to pay bonus shares and dividend for the first time ever; Ex-date tomorrow!
-
4,800 per cent returns in this low PE high ROE multibagger stock: Board announced bonus shares after Rs 82/share dividend; scrip hit 52-week high!