Turnaround net profit of Rs 1.74 crore after 5 years: Penny stock at Rs 1.55 gains 16.5 per cent today with heavy volume; Spurt in volume by more than 8 times
The stock is up by 55 per cent returns from its 52-week low of Rs 1 per share.
Today, shares of Srestha Finvest Ltd gained 16.5 per cent to Rs 1.55 per share from its previous closing of Rs 1.33 with an intraday high of Rs 1.55 and an intraday low of Rs 1.42. The stock also made a fresh new 52-week high of Rs 1.55 while its 52-week low is Rs 1. The shares of the company saw a spurt in volume by more than 8 times on BSE.
Established in 1985, Srestha Finvest Ltd. is a multifaceted financial services company that offers a range of solutions, including loans, financing, and investments. They hold a specific regulatory license: a Category B Non-Systematically Important Non-Deposit Taking NBFC - Investment and Credit Company. This allows them to provide loans secured by various assets (securities, movable and immovable properties), offer hire purchase and leasing options, and engage in trading and investing in shares.
Quarterly Results
The total increased by 710 per cent to Rs 564.16 lakh in Q4FY24 compared to the total income of Rs 69.68 lakh in Q4FY23. The company reported a net profit of Rs 506.35 in Q4FY24 compared to a net loss of Rs 461.37 crore in Q4FY23, an increase of 210 per cent.
Also Read: 2:1 bonus share in FY24 & Rs 1,783 crore order book: Heavy buying in this multibagger solar EPC stock hit upper circuit today; PAT jumps 168 per cent in Q4FY24
Annual Results
The total increased by 269 per cent to Rs 1,013.01 lakh in FY24 compared to the total income of Rs 274.56 lakh in FY23. The company reported a net profit of Rs 173.86 in FY24 compared to a net loss of Rs 497.41 crore in FY23, an increase of 135 per cent. The company reported a net profit in FY24 after reporting a net loss for the past 5 years i.e., FY23, FY22, FY21, FY20 and FY19.
The company has a market cap of Rs 87 crore and its 100 per cent stake is owned by the public. The stock is up by 55 per cent returns from its 52-week low of Rs 1 per share.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
Related articles
-
Turnaround story is penny stock at Rs 1.87: Jumped 7.5 per cent and made a fresh new 52-week high with over 1.8 crore shares traded already!
-
Penny stock under Rs 2: This investment company reported a turnaround net profit after 5 years; PAT zooms over 200 per cent!
-
90 per cent returns from its 52-week low: Only buyers in this penny stock at Rs 1.87 per share; hit the upper circuit on July 01
-
Multibagger penny stock under Rs 60: The micro-cap stock bags new order worth Rs. 2,33,44,665.32 from Bharat Electronics!
-
Heavy buying: Back-to-back upper circuit in this multibagger penny stock; gains over 500 per cent!
-
Rs 503 crore order book and 160 per cent returns: Heavy buying witnessed in this multibagger penny stock; PAT jumps over 190 per cent!
-
Heavy buying: Back-to-back upper circuit in this multibagger penny stock; gains over 170 per cent in a year!
-
Heavy buying: Back-to-back upper circuit in this multibagger penny stock; gains over 250 per cent!
-
Multibagger penny stock at Rs 2.09 hit 10 per cent upper circuit: Board announces 12:29 rights issue; Check the revised record date inside!
-
Penny stock at Rs 1.87 hits 52-week high: Company signs an MoU worth Rs 25,00,00,000 with Felix Industries for renewable energy; details inside!
-
Turnaround story in this debt-free penny stock at Rs 3.59; Revenue jumps 724 per cent and PAT zooms 169 per cent; details inside!
-
Penny stock at Rs 5 and promoters & FIIs increase stake: After reporting turnaround story in FY24 the Board allots 1,28,00,000 equity shares on conversion of warrants!
-
Penny Stock Under Rs 35: Heavy Buying, Upper Circuit; Profits Surge by 5,700 per cent; A Must-Watch!
-
Multibagger penny stock below Rs 15 zooms over 7 per cent in just 1 day; Earlier company entered into private label and contract manufacturing; details inside!
-
Penny stock with 600 per cent returns: Back-to-back upper circuit in this multibagger stock; PAT jumps over 650 per cent in FY24!
-
Turnaround story in this penny stock at Rs 18.57: This IT-company bags new order worth Rs 2.54 crore from Asianet Satellite Communications Ltd
-
2:1 bonus share; 10:1 stock split in FY24: Multibagger penny stock at Rs 1.64 with 1,700 per cent returns hit upper circuit today; PAT skyrocketed 380 per cent
-
Penny stock at Rs 5.12 and promoters & FIIs increase stake: After reporting turnaround story in FY24 the Board allots 2,30,00,000 equity shares on conversion of warrants
-
Stock split from Rs 10 to Rs 5 to Re 1: Turnaround story in this multibagger penny stock under Re 1; PAT zooms over 3,000 per cent!
-
Turnaround story in Ashish Kacholia’s portfolio multibagger penny stock under Rs 30: PAT zooms over 1,200 per cent & Rights issue subscribed 2.07x