240 per cent multibagger returns in just 6 months; Board likely to announce bonus shares!
The stock has an ROE of 84.4 per cent and an ROCE of 63 per cent.
Alphalogic Industries Ltd informed that the Board of Directors of the Company will be held on Wednesday, October 18, 2023, at the registered office of the Company, inter-alia, to:-
1) Consider and approve the unaudited financials for the half year ending September 30, 2023.
2) Consider & approve an increase in authorised share capital and alteration.
3) Consider & declare of issue of bonus shares to the equity shareholders subject to rules and regulations of exchange, if any.
4) Consider & approve notice of postal ballot.
5) Any other matter with the permission of the chair.
Alphalogic Industries Ltd (BSE scrip code: 543937) has won orders worth Rs 101,79,437 from various clients. The first order worth Rs 71,10,257 is from Scootsy Logistics Private Limited, a subsidiary of Swiggy. This order includes the design, manufacture, supply, and installation of a storage racking system within this month. The second order worth Rs 30,69,180 is from Trinity Engineers Private Limited. This order includes the design, manufacture, supply, and installation of MS pallet and storage rack solutions within this quarter.
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On Friday, one of the Top Gainers on BSE, shares of Alphalogic Industries Ltd hit 5 per cent to Rs 327.75 per share. The stock also made a new 52-week high of Rs 327.75 per share. In the recent trading sessions, the stock has been hitting back-to-back upper circuits & 52-week highs.
Alphalogic Industries is engaged in the design, manufacturing, supply and installation of industrial and institutional storage systems i.e., compactor storage systems, heavy-duty storage racks, cantilever racks, lockers, mezzanine floors, metal pallets and crates. The company has a market cap of Rs 167 crore.
The shares of the company were listed on BSE on Friday, July 14, 2023, at Rs 96.29 per share as an S&P BSE SME IPO with a lot size of 1,200 shares. The stock has an ROE of 84.4 per cent and an ROCE of 63 per cent.
The stock gave multibagger returns of 240 per cent in just 6 months whereas BSE Sensex Index is up by 10.64 per cent. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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