4:1 bonus share & Rs 500 crore fundraise via QIP: FIIs bought 4,07,740 shares of this multibagger penny stock under Rs 40; Keep under the radar!

The stock gave multibagger returns of 160 per cent in just 1 year and a whopping 1,100 per cent in a decade.

Sakuma Exports Ltd that the Meeting of the Board of Directors of the Company approved bonus shares in the ratio 4:1 i.e. 4 new fully paid-up equity shares of Re 1 each for every 1 existing fully paid-up equity shares Re 1 each and the record date is yet to be announced. Additionally, the company is proposing to issue Securities, which can be equity shares, convertible securities (including warrants), or other eligible options, through a Qualified Institutions Placement (QIP) for a total amount of up to Rs. 500 crores (including any premium), subject to shareholder and regulatory approval.

Sakuma Exports Ltd is a multifaceted company dealing in the international trade of various commodities. They specialize in buying, processing, marketing, and exporting bulk agricultural products like sugar, edible oils, oilseeds, pulses, and cotton. Their reach extends beyond just physical goods, as they also offer innovative financial products linked to these commodities. However, their expertise goes beyond agriculture. Sakuma Exports also deals in petrochemicals, petroleum, minerals, renewable energy, and even distribution and supply chain management, making them a true one-stop shop for a wide range of commercial needs.

Also Read: 1:1 Bonus Share: LIC-backed multibagger penny stock at Rs 4.07; Board allots 15,36,24,538 fully paid-up rights equity shares

Today, shares of Sakuma Exports Ltd gained 8.32 per cent to an intraday high of Rs 38.28 from its previous closing of Rs 35.34. The stock’s 52-week high is Rs 38.42 and its 52-week low is Rs 13.15.

The company has a market cap of Rs 1,100 crore with a 3-year stock price CAGR of 55 per cent. The stock gave multibagger returns of 160 per cent in just 1 year and a whopping 1,100 per cent in a decade. Investors should keep an eye on this micro-cap stock.

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