4,000 per cent multibagger returns: Board announces record date for 1:1 bonus share; Scrip trades at high ROE & high ROCE

The stock gave multibagger returns of 150 per cent in just 1 year and a whopping 4,000 per cent in 5 years

Monarch Networth Capital Ltd has announced a 1:1 bonus share issue to reward its existing shareholders. This means that for every one equity share held, shareholders will receive one additional bonus share. The record date for this bonus issue is Friday, September 13, 2024.

Monarch Networth Capital Ltd is a financial services company offering stock broking, mutual funds, insurance, financial planning and more. They have a presence across India with a network of branches, business associates and partnerships with banks and insurance companies. The company has a history of successful transactions and has subsidiaries specializing in different financial services.

The company boasts a market capitalization exceeding Rs 2,800 crore, coupled with an impressive 58.5% CAGR profit growth over the past five years. Notably, its median sales growth for the last decade stands at 30.6 per cent. Currently, the stock is valued at 8.39 times its book value. It's noteworthy that promoter holding has experienced a slight decline of -3.14 per cent in the preceding quarter.

On Wednesday, shares of Monarch Networth Capital Ltd gained 0.80 per cent to an intraday high of Rs 865 per share from its previous closing of Rs 858.40. The stock also made a new 52-week high is Rs 865 and its 52-week low is Rs 309

The shares of the company have an ROE of 43 per cent and an ROCE of 52 per cent. The stock gave multibagger returns of 150 per cent in just 1 year and a whopping 4,000 per cent in 5 years. Investors should keep this small-cap under the radar.

Disclaimer: The article is for informational purposes only and not investment advice. 

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