Multibagger from its 52-week low; Board announced bonus shares!
The stock also gave multibagger returns of 105.50 per cent from its 52-week low of Rs 121.15 per share and over 700 per cent in 3 years.
Anmol India Ltd (BSE: 542437, NSE: ANMOL), one of the leading players in the Supply chain management industry, commodity trading, and coal import, has approved the issue of bonus shares in the ratio of 4:1, i.e. 4 equity shares for every 1 equity share held by the shareholders of the company as on the record date, subject to the approval of shareholders.
The board also approved an increase in the authorized share capital of the company from the existing Rs 11.50 crore to Rs 57 crore and consequent alteration in the capital clause of the memorandum of association of the company, on account of the issue of bonus shares of the company, subject to the approval of shareholders.
According to the standalone Quarterly Results, revenue from operations grew by 18.70 per cent to Rs 370.13 crore and PAT increased by 40.18 per cent to Rs 4.43 crore in Q4FY23 over Q4FY22. According to the standalone annual results, revenue from operations recorded a healthy growth of 33.12 per cent to Rs 1,410.24 crore and PAT increased by 20 per cent to Rs 18.66 crore in FY23 over FY22. The EPS for FY23 stood at Rs 16.39.
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
Expansion Plan: The Board of the company said, ‘By exploring new opportunities in the steel and chemical-related products markets and leveraging synergies with our existing client base, we aim to broaden our business horizons and solidify our position as a major player in the global trading arena.” This expansion is set to unlock significant growth potential, as the demand for steel and chemical-related products continues to surge worldwide.
On Tuesday, shares of Anmol India Ltd plunged 0.92 per cent to Rs 241.85 per share with an intraday high of Rs 248.95 and an intraday low of Rs 244. The stock has a PE of 14.89x whereas the sectoral PE is 34x with an ROE of 26.80 per cent. The stock also gave multibagger returns of 105.50 per cent from its 52-week low of Rs 121.15 per share and over 700 per cent in 3 years.
Investors should keep an eye on this micro-cap energy stock.
Related articles
-
1:1 bonus share likely & Rs 1000,00,00,000 capex by FY25 announced by this multibagger FMCG company; don’t miss the action!
-
1:10 Stock Split & 6:10 Bonus Shares: Multibagger micro-cap stock hit fresh 52-week high on February 22; rallies over 10,000 per cent!
-
5,000 per cent multibagger returns & Board announces bonus shares: Can this small-cap stock be the next Suzlon Energy?
-
1,000 per cent multibagger returns in this micro-cap stock; Board announces bonus shares & stock split!
-
1000-per cent returns in this multibagger penny stock: Board announces bonus shares; hit back-to-back upper circuits & 52-week high!
-
Amitabh Bachchan’s portfolio multibagger stock: Board announces bonus shares for the first time ever!
-
1,000 per cent returns: This multibagger micro-cap company reports stellar quarterly results after bonus issue!
-
Stellar Q4 result: This multibagger micro-cap company reports a 41.69 per cent jump in net profit; do you own it?
-
796 per cent returns: Don’t miss action in this multibagger stock that has announced bonus shares!
-
Low PE high ROE multibagger stock; Board likely to announce bonus shares!
-
High ROE and ROCE multibagger stock: Board announced bonus shares and stock split!
-
Don’t miss action in this multibagger stock that has announced bonus shares!
-
Low PE high ROE multibagger stock: This small-cap company is in an expansion mode; do you own it?
-
High ROE and ROCE multibagger stock; Board likely to announce bonus shares and stock split!
-
Multibagger stock gains 836 per cent in just 6 months; Board announced bonus shares and stock split!
-
Bonus issue and stock split: This multibagger small-cap company skyrocketed more than 560 per cent in less than 4 months!
-
52-week high alert: This multibagger Semiconductor Software company got approval for DLI application for the development of a smart energy meter IC from Government of India
-
Adani Group-backed aerospace & defence company signs landmark cooperation agreement with EDGE Group
-
BNP Paribas bought 9,86,663 shares & Promoters bought over 5 per cent stake of this stock under Rs 65; Company into expansion as it acquired IT-Cube for Rs 84 crore
-
2:1 bonus share, 2:1 stock split & 2,480 per cent multibagger returns: This electric vehicle (EV) loan provider company allots 7,65,000 shares upon conversion of warrants