10:1 Stock Split & 5 Days Back-to-Back Upper Circuit: Promoters Purchase Shares of this Multibagger Company; Stock Available Under Rs 80 Each!
The shares of the company have delivered a return of over 275 per cent to its shareholders in just 1 year.
Incorporated in 1983, Visco Trade Associates Ltd operates as a Non-Banking Financial Company (NBFC) engaged in investment and trading activities in shares, along with providing loans. The company's primary focus lies in investing in and acquiring shares, stocks, debentures, bonds, and other securities issued or guaranteed by Indian companies. Additionally, Visco Trade Associates Ltd. offers financing solutions, including short-term and long-term loans, secured against various assets such as land, buildings, machinery, plants, shares, debentures, government securities, and insurance policies. This diverse range of services caters to both individual borrowers and associations of persons seeking financial support.
In June, Visco Trade Associates Ltd saw significant purchases of shares by its three promoters: Nikita Goenka, Raj Goenka, and Rashi Goenka, acquiring 21,000, 26,000, and 5,000 shares respectively valued at Rs 95 crore.
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On Friday the shares of Visco Trade Associates Ltd surged 2 per cent, and closed at Rs 71.97 per share, up from Rs 70.56 per share previously. The current market capitalization stands at Rs 172.82 crore. Over the past year, the stock has delivered over 275 per cent returns.
According to the company's annual performance, it reported revenue of Rs 211 crore compared to Rs 78 crore, representing a gain of 172 per cent. The company’s operating profit stands at Rs 45 crore with an operating profit margin of 21 per cent. The company’s net profit is Rs 33 crore compared to a loss of Rs 10 crore.
As per Quarterly Results in Q4 FY24, the company reported a quarterly revenue from operation of Rs 37.31 crore compared to a revenue of Rs 28.18 crore, representing a growth of 32.40 per cent on YoY basis. The company posted a net profit of Rs 5.27 crore in Q4 FY24 compared to a net loss of Rs 8.82 crore.
Disclaimer: The article is for informational purposes only and not investment advice.