5:1 Stock Split & 7,700 Per Cent Returns: Multibagger Penny Stock under Rs 20 In Green As Company Reports Turnaround Net Profit In H1FY25
The stock gave multibagger returns of 1,000 per cent in 2 years and a whopping 7,700 per cent in 5 years.
On Thursday, shares of Rajnish Retail Ltd gained 4.24 per cent to Rs 11.80 per share from its previous closing of Rs 11.32. The stock’s 52-week high is Rs 19.56 and its 52-week low is Rs 9.17.
Rajnish Retail Ltd (BSE: 530525) has announced stellar Quarterly Results (Q2FY25) and half-yearly results (H1FY25) with a turnaround net profit. According to quarterly results, the net sales increased by 32,198 per cent to Rs 25.52 crore and net profit increased by 1,377 per cent to Rs 0.38 crore in Q2FY25 over Q2FY24. The net sales increased by 49,080 per cent to Rs 38.85 crore in H1FY25 compared to net sales of Rs 0.08 crore in H1FY24. The company reported a net profit of Rs 0.90 crore in H1FY25 compared to a net loss of Rs 0.12 crore in H1FY24, an increase of 850 per cent.
Earlier, the shares of the company ex-traded stock split in the ratio 5:1 i.e. 1 equity share of a face value of Rs 5 each, into fully paid up 5 equity shares of the face value of Re 1 each. The ex-date for the stock split was Friday, October 11, 2024.
In addition to the stock split, Rajnish Retail Ltd. has also made some exciting business developments. The company recently expanded its portfolio by entering the beauty and wellness industry. They've launched a new salon brand, Urban Salon, which has opened its first shop in Evershine Nagar, Malad District of Mumbai. This strategic move positions Rajnish Retail Ltd. to capitalize on the growing consumer spending in the personal care and grooming sector. The salon boasts state-of-the-art amenities and a team of experienced professionals dedicated to providing exceptional service.
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Rajnish Retail Ltd, incorporated in 1995 and operating under the brand name Sheetal Diamonds, is a company that manufactures, trades, and exports loose diamonds and jewellery. Their product portfolio includes a wide range of diamonds, from white loose diamonds to fancy cut and colour diamonds, all certified by GIA, IGI or HRD. They also offer a vast selection of over 1,00,000 jewellery designs in categories like rings, earrings, pendants, bracelets/bangles, necklaces, and nose pins. The company caters to diverse tastes with various plating options including rhodium, silver, antique silver, gold, antique gold, lacquer gold, rose gold, carat gold, Victoria and two-tone plating in gold and rhodium.
The company has a market cap of over Rs 180 crore. The stock gave multibagger returns of 1,000 per cent in 2 years and a whopping 7,700 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.