Multibagger from its 52-week low: Don’t miss action in this micro-cap stock that has announced stock split!
Shares of this company gave 105 per cent returns in just 6 months.
On Wednesday, shares of Samor Reality surged 17.26 per cent to Rs 68.95 per share from its previous closing of Rs 58.80. The stock also traded at a fresh 52-week high of Rs 68.95.
The Board of Directors of Samor Reality announced that it has declared rights issue to its equity shareholders in the ratio 1:1 which means that (1 new right issue of share for every 1 existing equity share held by the eligible shareholders as on the record date). The company verified the record date for rights issue as Tuesday, May 02, 2023.
The rights issue opening date is Monday, May 15, 2023 and issue closing date is Friday, June 02, 2023 with rights issue price of Rs 10 per equity share.
Samor Reality Limited operates as a real estate company. The company creates homes, retail spaces, commercial spaces and business centres. Samor Reality serves customers in India.
According to the financials, Samor Reality has a market cap of Rs 63.43 crore with 1-year CAGR of 33 per cent. The company reported positive numbers in its half-year results and annual results.
The stock gave multibagger returns of 123.06 per cent from its 52-week low of Rs 26.45 per share. Investors should keep this micro-cap stock under the radar.