Double Dhamaka: Microcap Company Set to Announce Bonus Shares and Stock Split on September 13, Stock Hits Upper Circuit Today – Keep it on Your Radar!
The company’s shares have delivered an impressive return of over 100 per cent to its shareholders in just 1 year.
Incorporated in 1980, Sellwin Traders Ltd is a micro-cap company which operates in the finance and real estate sectors. The company's board meeting is scheduled for Friday, September 13, 2024, to discuss the following key business matters:
On the proposal to issue bonus Shares to existing shareholders.
Consideration and approval of the proposal to Subdivide or stock split the company's Equity Shares, subject to approval from shareholders and relevant authorities.
Review of a business proposal aimed at exploring potential synergies and forward integration strategies to better meet the evolving needs of customers.
The board may also address any other business matters incidental or ancillary to the meeting agenda with the permission of the chair.
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On Friday, the shares of Sellwin Traders Ltd rallied and hit the upper circuit today and closed at around Rs 24.40 per share on the BSE. The company’s current market capitalization stands at Rs 49.43 crore. Additionally, the shares have delivered an impressive multibagger return of over 100 per cent in the past 1 year.
As per the Quarterly Results, in the Q1 FY25, Sellwin Traders Ltd recorded a revenue of Rs 10.77 crore compared to Rs 10.03 crore. The operating profit stood at Rs 0.79 crore. The net profit stood at Rs 0.62 crore compared to a profit of Rs 0.34 crore. Looking at the annual performance, the company generated a revenue of Rs 39.96 crore in FY24 compared to Rs 39.60 crore. The operating profit for FY24 was Rs 1.12 crore with an operating profit margin of 2.80 per cent. The company reported a net profit of Rs 0.86 crore compared to a net profit of Rs 0.01 crore in FY23.
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Investors must keep this stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.