5:1 Stock Split After 1:1 Bonus Share: High ROE & High ROCE Multibagger Stock Hit Upper Circuit & 52-Week High; Check Record Date Inside
The stock gave multibagger returns of 494 per cent from its 52-week low of Rs 31 per share.
On Tuesday, shares of Enser Communications Ltd hit a 5 per cent upper circuit and made a new 52-week high of Rs 184.25 per share from its previous closing of Rs 175.50 per share.
Enser Communications Ltd has set Friday, February 07, 2025, as the record date to determine the eligibility of shareholders for the subdivision/split of 1 equity share of the Company with a face value of Rs 10 each into 5 equity shares of the company with a face value of Rs 2 each. This action is being undertaken pursuant to the approval granted by the shareholders through a Postal Ballot held on December 14, 2024.
Earlier, the company allotted 87,16,059 bonus shares on January 6, 2025, after receiving approval from the stock exchange. This 1:1 bonus increased the paid-up equity share capital from Rs. 8,71,60,590/- to Rs. 17,43,21,180/-.
Enser Communications Ltd, established in 2008, is a prominent player in the communications sector, offering a comprehensive suite of Business Process Management (BPM) services. The company caters to diverse industries, including insurance, e-commerce, education, and travel. Its core business verticals encompass customer acquisition, customer service, IT infrastructure management, and data management. Enser provides a wide range of services, such as business analytics, CRM, IVRS, customer interaction management, technology-enabled infrastructure development, payment solutions, process re-engineering, ERP implementation, application development, web chat, transaction processing, debt collection, sales, customer support, BPO/BPM, knowledge process consulting, contact centre, and customer acquisition.
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Additionally, the company engages in trading communication equipment, facilitating networking, and offering website development, systems analysis, and management information systems. Enser serves a diverse clientele, including major players like Acko General Insurance, Ola Financial Services, Metis Eduventures and National Health Authority. The company has a market cap of over Rs 300 crore.
According to half-yearly results, the net sales increased by 116 per cent to Rs 39.02 crore and net profit increased by 127 per cent to Rs 4.85 crore in H1FY25 compared to H1FY24. In its annual results, the net sales increased by 81 per cent to Rs 46.08 crore and net profit increased by 290 per cent to Rs 5.27 crore in FY24 compared to FY23. The shares of the company have an ROE of 35 per cent and an ROCE of 37 per cent. The stock gave multibagger returns of 494 per cent from its 52-week low of Rs 31 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.