10,000 per cent multibagger returns; Board announces 10:1 stock split

The stock gave multibagger returns of 360 per cent in just 1 year, 9,000 per cent in 3 years and a whopping 10,000 per cent in 5 years.

Arunjyoti Bio Ventures Limited (Scrip Code: 530881) has proposed a stock split to enhance liquidity and widen its shareholder base. The company plans to subdivide each existing equity share of Rs. 10 face value into 10 equity shares of Re. 1 face value. This proposal is subject to regulatory and shareholder approvals. Additionally, the company intends to acquire 2 acres 06 guntas of land and a 20,800 square feet warehouse in Jangaon, Telangana from related parties, which also requires shareholder approval.

Arunjyoti Bio Ventures Ltd, established in 1986, is a prominent co-packing company catering to multinational corporations. Initially involved in equity and commodity trading, wealth management, and software development, the company pivoted its focus in 2022 to include FMCG and beverages. Their core services encompass co-packing a variety of beverages, producing non-carbonated water, and distributing these products, all while adhering to stringent quality standards set by their international clients.

In Q2FY24, the company reported net sales of Rs 6.35 crore and a net loss of Rs 0.41 crore whereas in FY24, the company reported net sales of Rs 20.43 crore and a net loss of Rs 0.35 crore.

The company has a market cap of over Rs 300 crore with a 3-year stock price CAGR of 350 per cent. The stock gave multibagger returns of 360 per cent in just 1 year, 9,000 per cent in 3 years and a whopping 10,000 per cent in 5 years. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.