65 per cent returns from its 52-week low & Promoters increase stake; Board is likely to announce bonus shares!
The stock is up by 65 per cent from its 52-week low of Rs 103.15 per share.
Moxsh Overseas Educon Ltd informed that a meeting of the Board of Directors of the company is scheduled to be held on Tuesday, September 03, 2024, inter alia: -
- To consider and approve an increase in Authorised Share Capital and alteration in Capital Clause “V” of the Memorandum of Association of the Company.
- To consider and approve of issue of bonus Equity Shares.
- To consider and approve the notice of the Annual General Meeting.
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Moxsh Overseas Educon Ltd is a company that helps medical students with their education and travel. They offer online courses to prepare for exams, provide counselling and assist with studying medicine abroad. The company has a strong network across India and has helped many students gain admission to foreign medical universities and achieve success in their medical careers.
According to half-yearly results, the company reported net sales of Rs 2.78 crore and a net loss of Rs 2.52 crore in H2FY24 while in its annual results, the company reported net sales of Rs 10.64 crore and a net loss of Rs 2.33 crore in FY24. As of March 2024, the promoters of the company increased their stake to 62.43 per cent compared to 61.61 per cent in September 2023. The company has a market cap of Rs 38.22 crore. The stock is up by 65 per cent from its 52-week low of Rs 103.15 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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