1,650 per cent multibagger return: Announces Stock Split in the ratio of 1:5; Revenue zooms by 14,000 per cent in June quarter!
The stock has displayed remarkable performance, delivering an impressive 650 per cent return in a year and a multibagger 1650 per cent return in the last three years.
EFC Limited formerly known as Amani Trading and Exports Limited announces a split of shares on its latest exchange filing on August 07, 2023.
As per the filing, the company held a board meeting on August 5, 2023, where they decided to split their existing shares. This split involves converting each current share with a face value of Rs. 10 into five new shares, each with a face value of Rs. 2.
The company has designated August 18, 2023, as the Record Date, which determines which shareholders are eligible for the share split. This action aligns with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Today the stock opened at Rs 1094, marking a 3 per cent increase from the previous day's closing price of Rs 1060.20. Throughout the intraday session, the stock surged by 4.7%. Finally, the shares of the company concluded the day up by Rs 45.50, at Rs 1105.70 on the BSE.
The stock's 52-week highs and lows are recorded at Rs 1228 and Rs 147.55, respectively. With a market capitalization of just Rs 854 Crore.
The stock has displayed remarkable performance, delivering an impressive 650% return in a year and a multibagger 1650 per cent return in the last three years.
The company announced its June quarter results on August 05. Upon examining the company's financials, revenue from operations experienced an increase of 14005 per cent YoY, going from Rs 0.40 crore to Rs 56.42 crore. The operating profit of the company increased from Rs 0.35 crore to Rs 29.13 crore, and the operating profit margin stood at 51.63%.
The net profit of the company amounts to Rs 3.18 crore which grew significantly by 1120% YoY in the June quarter.
The company's return on capital employed (ROCE) and return on equity (ROE) are at 11 per cent and 10.5 per cent, respectively.
Keep a close eye on this trending stock.
Disclaimer: The article is for informational purposes only and not investment advice.