1:1 Bonus Share Announced & FIIs Bought 1,05,000 Shares: Multibagger Penny Stock Under Rs 50 To Keep Under Radar
The stock is up by 30 per cent from its 52-week low of Rs 32.51 per share and gave multibagger returns of over 1,000 per cent in 5 years.
On Monday, shares of Capital Trade Links Ltd gained 4.80 per cent to an intraday high of Rs 42.10 per share from its previous closing of Rs 40.18 per share. The stock’s 52-week high is Rs 65.64 per share and its 52-week low is Rs 32.51 per share.
Capital Trade Links Ltd (CTL), established in 1984, is a Reserve Bank of India (RBI) registered Non-Banking Financial Company (NBFC) primarily focused on lending and financing. Listed on the Bombay Stock Exchange (BSE) in 2014, CTL offers a range of credit facilities to individuals and businesses, particularly in North India. Their portfolio includes business loans, E-rickshaw loans, loans against property, and working capital solutions for various clients such as individuals, partnerships, entrepreneurs, and corporations. CTL also operates as a Mutual Funds Distributor through the Association of Mutual Funds in India (AMFI).
According to Quarterly Results, the net sales increased by per cent to Rs 6.43 crore and net profit increased by per cent to Rs 2.22 crore in Q3FY25 compared to Q2FY25. In its nine-month results, the company reported net sales of Rs 18.46 crore and a net profit of Rs 5 crore in 9MFY25 while in its annual results, the company reported net sales of Rs 36 crore and a net profit of Rs 9.70 crore in FY24.
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The Board considered and recommended the issue of bonus equity shares in the proportion of 1:1 i.e. (One) bonus equity share of Re 1 each for every 1 existing equity share of Re 1 each fully paid up, held by the shareholders of the company as on the record date, subject to the approval of shareholders through postal ballot. The company has a market cap of over Rs 250 crore and as of December 2024, FIIs took a fresh entry & bought 1,05,000 shares. The stock is up by 30 per cent from its 52-week low of Rs 32.51 per share and gave multibagger returns of over 1,000 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.