Penny stock at Rs 22: This micro-cap company reports a 51.7 per cent jump in net profit to Rs 8.54 crore
The stock is up by 68 per cent from its 52-week low of Rs 13.10 per share and gave multibagger returns of 230 per cent in 3 years.
Bhatia Communications & Retail (India) Ltd announced its stellar Quarterly Results (Q3FY24) and nine-month results for the fiscal year 2024. Here are the details:
Results: According to the quarterly results, the net sales increased by 20.4 per cent to Rs 116.79 and the net profit increased by 1.22 per cent to Rs 2.49 in Q3FY24 compared to Q3FY23. According to the nine-month results, the net sales increased by 27.31 per cent to Rs 319.88 crore and the net profit increased by 51.70 per cent to Rs 8.54 crore in 9MFY24 compared to 9MFY23.
According to its annual results, net sales increased by 34.27 per cent to Rs 313.48 crore and net profit increased by 61 per cent to Rs 8.48 crore in FY23 compared to FY22.
The company has strong partnerships with companies like Apple, One Plus, Samsung, Vivo, Oppo, Realme, Mi, Motorola, Techno, Nothing, Noise, Boat, HP, Lenovo, Fire Boltt, etc. The company has an average 8 to 10 lakhs of capex per store with 172 stores across India (160 owned and 12 franchise).
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
Bhatia Communications & Retail (India) Ltd is engaged in the retail and wholesale distribution business of mobile handsets, tablets, data cards, mobile accessories, mobile-related products, home appliances and other electronic items.
Today, Bhatia Communications & Retail shares gained 0.37 per cent to Rs 21.65 per share with an intraday high of Rs 21.95 and an intraday low of Rs 21.03. The stock’s 52-week high is Rs 25.95 and its 52-week low is Rs 13.10. The stock is up by 68 per cent from its 52-week low of Rs 13.10 per share and gave multibagger returns of 230 per cent in 3 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
For more such updates on the go, Click here to join our WhatsApp Channel
Related articles
-
15,000 per cent returns in this multibagger penny stock below Rs 50: This small-cap company reports a 191 per cent jump in net profit in Q3FY24
-
Turnaround story in this penny stock at Rs 6: This micro-cap company reports a 370 per cent jump in net profit to Rs 5.64 crore
-
Multibagger penny stock at Rs 76 reports a 300 per cent jump in net profit; Promoters own 74.75 per cent stake in the company!
-
FIIs bought 1,53,48,927 shares and Sangeetha S bought 33,36,900 shares of this multibagger penny stock; Reports stellar quarterly and nine-month results!
-
Multibagger penny stock under Rs 70: This micro-cap company reports stellar quarterly results & nine-month results; PAT zooms 179.5 per cent
-
Penny stock under Rs 30: This micro-cap investment company reports a 76 per cent jump in net sales!
-
Multibagger penny stock under Rs 25 and promoters increase stake: This micro-cap company announces stellar quarterly & half-yearly results!
-
Heavy buying witnessed in this multibagger penny stock at Rs 25.07: Hit back-to-back upper circuits; PAT zooms over 2,500 per cent!
-
Upper circuit & 52-week high alert: Promoter bought 40,00,000 shares and FIIs bought 95,00,000 shares of this multibagger penny stock at Rs 37 via preferential issue!
-
Stock split from Rs 10 to Rs 1 and 900 per cent multibagger returns: This micro-cap company reports a 2,558 per cent jump in net profit in 9MFY24
-
Vijay Kedia’s portfolio multibagger penny stock with Rs 19,135 crore order book reports a 260 per cent jump in net profit – FIIs increase stake!
-
High ROE and high ROCE penny stock below Rs 80: This consumer foods manufacturing company reports stellar Q3FY24 & 9MFY24 results; PAT zooms over 700 per cent
-
Multibagger penny stock under Rs 100: This EV manufacturing company reports stellar quarterly results (Q3FY24) with an 81 per cent jump in EBITDA!
-
4,250 per cent returns: Multibagger iron & steel stock in green after the company announces stellar quarterly results & nine-month results!
-
2:1 Bonus Share & 10:1 Stock Split: 13 consecutive upper circuits in this multibagger penny stock under Rs 5; PAT zooms over 1,200 per cent!
-
Multibagger penny stock under Rs 10 with 1,800 per cent returns: This micro-cap company reports a 248 per cent jump in net profit!
-
FIIs bought 4,21,073 shares of this multibagger penny stock under Rs 60; Company reports a 2,499 per cent jump in net profit!
-
10,375 per cent returns: This multibagger hardware & glass fitting company reports positive Q2FY24 and H1FY24 results after bonus shares & stock split!
-
FII-backed high ROE & high ROCE multibagger penny stock under Rs 15: This small-cap company reports 690 per cent jump in net profit!
-
Multibagger penny stock below Rs 70 with Rs 3,610 million order book: This cable manufacturing company reports a 270 jump in net profit!