Upper circuit & 52-week high alert in this multibagger micro-cap stock: Board announces bonus shares; scrip gains 125 per cent in just 6 months!

The stock gave multibagger returns of 125 per cent in just 6 months and over 500 per cent in 3 years.

Pooja Entertainment & Films Ltd informed that the Board of Directors of the company has approved the issuance of bonus shares in the ratio of 6:1 i.e., 6 equity shares of Rs 10 each fully paid up for every 1 existing equity share of Rs 10 each held as on the record date. The company fixed the record date for the bonus issue of shares as Saturday, December 09, 2023.

Pre-Bonus paid up share capital Rs 5,00,05,000 divided into 50,00,500 equity shares of Rs 10 each. Post–bonus paid-up share capital Rs 35,00,35,000 divided into 3,50,03,500 equity shares of Rs 10 each.

Pooja Entertainment & Films Ltd, incorporated in 1986, is a leading entertainment content house in India. The company is involved in co-production, own production, and distribution of films in India and overseas. It has a two-fold business strategy: to develop high-quality content and to distribute Bollywood and international movies.

On Friday, shares of the company ended the trading session in green, up 2 per cent to Rs 363.75 per share from its previous closing of Rs 356.65 per share. The stock also made a new 52-week high of Rs 363.75 per share. In the recent trading sessions, the stock has been hitting back-to-back upper circuits & 52-week highs.

Talking about the financials, the company has a market cap of over Rs 180 crore. In its Quarterly Results (Q1FY24), the net sales increased by 20 per cent to Rs 15.69 crore and net profit decreased by 9 per cent to Rs 1.53 crore compared to Q1FY23. According to the annual results, the net sales increased by 90.14 per cent to Rs 46.49 crore and net profit increased by 2.5 per cent to Rs 2.87 crore in FY23 compared to FY22.

The stock gave multibagger returns of 125 per cent in just 6 months and over 500 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.