1:1 Bonus Share & 10:1 Stock Split: Rahul Gandhi’s Portfolio Stock Hits Upper Circuit Today; Stock Gains Over 380 Per cent in Just 2 Years!
The company’s shares have delivered a return of over 130 per cent to its shareholders in just 1 year.
Founded in 2012, Vertoz Advertising Ltd is an ad-tech company that provides data-driven marketing, advertising, and monetization solutions to digital marketers, advertising agencies, and digital media businesses using cutting-edge technologies. The company has developed its full-stack in-house and has also acquired various components to enhance its product offerings.
On Friday, the shares of Vertoz Advertising Ltd rallied and hit the upper circuit of Rs 31.46 per share on the NSE. Currently while writing the article, it is at around Rs 31.46 per share. The company boasts a market capitalization of Rs 2663.85 crore. The stock has generated an impressive multibagger return of over 130 per cent in just 1 year.
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Rahul Gandhi, Leader of Opposition in Lok Sabha and a Congress leader, holds this stock. As of March 31, 2024, he owned approximately 260 shares before the split and bonus issuance. Following these corporate actions and adjustments, Rahul Gandhi currently holds 5,200 shares in Vertoz Advertising. Post-split, his initial 260 shares transformed into 2,600 shares, and after the bonus issue, these were doubled to 5,200 shares. The company had announced a 1:1 bonus issue, with the bonus shares expected to be credited by July 30, 2024.
As per the Quarterly Results, in the first quarter of FY25, the company recorded a revenue of Rs 60.17 crore. The operating profit for Q1 stood at Rs 8.93 crore, resulting in an operating profit margin of 14.84 per cent. The net profit for the period was Rs 5.74 crore. Looking at the annual performance, the company generated a revenue of Rs 60.17 crore in FY24, compared to Rs 33.92 crore in FY23. The operating profit for FY24 was Rs 8.93 crore, with a net profit of Rs 5.74 crore compared to Rs 3.54 crore.
As per the July 2024 update, FIIs have increased their stake in the company from 11.38 per cent to 11.41 per cent.
Investors must keep this Small-Cap company on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.