1:2 Bonus Share: Penny Stock Below Rs 20; Company Bags New Order Worth Rs 11,12,90,000 From Higher Education Department Delhi
The stock is up by 16 per cent from its 52-week low of Rs 16.54 per share and gave multibagger returns of over 1,800 per cent in 5 years.
SBC Exports Ltd, founded in 2011 as a handicraft trader, has evolved into a diversified company with four primary business verticals: garments, manpower services, IT services and travel. The company's garment division has grown significantly, with four manufacturing units and plans for further expansion. SBC's IT services division provides support to various organizations and its travel subsidiary, Mauji Trip Limited, is experiencing rapid growth. The company's focus on branding, product development and profitability has positioned it for continued success in the coming quarters. With a strong financial performance and a commitment to shareholder value, SBC is poised to emerge as a stronger and more competitive player in the market.
Order Update: SBC Exports Limited is pleased to announce it has been awarded a work order for Manpower Outsourcing Services by the Higher Education Department Delhi through Guru Gobind Singh Indraprastha University, vide Work Order No. GEMC-511687754800059. The total value of the two-year contract is Rs 11,12,90,000. Key terms of the contract include the Buyer providing workspace and necessary access for outsourced personnel, direct payment of TA/DA by the Buyer, the Service Provider ensuring sufficient and qualified manpower and the Service Provider being responsible for all applicable taxes and duties. The cost of services covers all salary/wage components and applicable taxes, with invoicing and supporting documents submitted via the GeM portal. This is a domestic order for Manpower Outsourcing Services.
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bonus Update: The Company approved a 1:2 bonus shares issue (one share for every two held) of approximately 15,87,30,000 Re 1 equity shares from free reserves, subject to shareholder and regulatory approvals. This will increase share capital from Rs 31,74,60,000 to Rs 47,61,90,000. Bonus shares will rank equally with existing shares. Rs 15,87,30,000 from free reserves (Rs 18,58,02,866 available as of September 30, 2024) will be used. Bonus shares are expected to be credited within two months of approval.
SBC Exports Ltd has a market cap of over Rs 600 crore. In FY24, the net sales increased by 7 per cent to Rs 209.41 crore and net profit increased by 36.71 per cent to Rs 9.44 crore over FY23. The stock is up by 16 per cent from its 52-week low of Rs 16.54 per share and gave multibagger returns of over 1,800 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.