2:5 Bonus Shares: Multibagger Penny Stock Under Rs 20 Hit 5 Per Cent Upper Circuit on April 11
The stock gave multibagger returns of 2,543 per cent in 5 years and a whopping 3,278 per cent since its listing in 2018.
On Friday, shares of this Small-Cap company gained hit a 5 per cent upper circuit to Rs 12.16 per share from its previous closing of Rs 11.59 per share. The stock's 52-week high is Rs 33.92 per share and its 52-week low is Rs 10.84 per share.
With a 57-year legacy, Hardwyn India Ltd stands as a symbol of innovation, quality, and reliability in architectural hardware. Its international presence reflects a meticulously crafted global supply chain and trusted distribution network. Hardwyn prides itself on unwavering customer support through its vast dealer and distributor network. Beyond products and services, Hardwyn is deeply invested in environmental sustainability and community welfare, adhering to stringent green manufacturing. This dedication underscores Hardwyn's vision, even as it contributes significantly to national development and solidifies its industry leadership.
Hardwyn India Ltd. has further solidified its commitment to quality and expansion through recent achievements, including the prestigious IS 6315:1992 certification from the Bureau of Indian Standards, recognizing their excellence in floor spring production and placing them among an elite group in India. Building on this success and their dedication to comprehensive solutions for residential and commercial buildings, Hardwyn has also strategically entered the Bhutanese market by signing a Rs 5 crore Memorandum of Understanding with The Gyalsung Infra for the supply of a wide range of products over the next two years, demonstrating their ambition for global leadership and contribution to infrastructure development beyond India.
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According to Quarterly Results, the net sales increased by 16.3 per cent to Rs 49.39 crore and net profit decreased by 7.2 per cent to Rs 4 crore in Q3FY25 compared to Q3FY24. In its nine-month results, the net sales increased by 29 per cent to Rs 138.97 crore and net profit increased by 36 per cent to Rs 9.38 crore in 9MFY25 compared to 9MFY24
According to the company's shareholding pattern available on the Bombay Stock Exchange (BSE), the President of India's investment portfolio recently witnessed a new addition. In December 2024, a 0.46 per cent stake (comprising 22,68,924 shares) in the company was acquired. The existing shareholding structure includes 43.77 per cent by promoters, 0.07 per cent by Foreign Institutional Investors (FIIs), 0.46 per cent by the Government and 55.70 per cent by the public.
On December 27, 2024, the shares of the company ex-traded bonus shares in the ratio of 2:5 i.e., investors received 2 bonus shares for every 5 shares. The company boasts a market capitalization of Rs 594 crore. The stock gave multibagger returns of 2,543 per cent in 5 years and a whopping 3,278 per cent since its listing in 2018. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.