Multibagger penny stock under Rs 15: This micro-cap company reports a 145 per cent jump in net profit!
The stock gave multibagger returns of 2,925 per cent in just 2 years whereas BSE Sensex Index is up by 21 per cent.
Virgo Global Ltd, a leading IT software services company announced its stellar Quarterly Results and annual results for the year ended March 31, 2023. Details below:
According to the quarterly results, the net sales increased by 154.38 per cent to Rs 18.01 crore in Q4FY23 compared to net sales of Rs 7.08 crore in Q4FY22. In FY23, net sales increased by 173.60 per cent to Rs 42.48 crore and net profit skyrocketed by 145.03 per cent to Rs 0.22 crore compared to FY22. The EPS for FY23 stood at Rs 0.21.
After rising nearly 325 per cent over the period of 6 months, shares of Virgo Global Ltd are undergoing a correction and have hit the lower circuit for the fifth straight day. On Friday, shares of Virgo Global Ltd plunged 5 per cent to Rs 12.67 per share from its previous closing of Rs 13.33. The 52-week high of the stock is Rs 17.59 and the 52-week low of Rs 0.64.
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Virgo Global Media Limited was incorporated in the year 1999. The company operates as an Internet service provider in India. The company have a market cap of Rs 13.82 crore with a 5-year CAGR of 110 per cent.
The shares of the company have a ROE of 47.80 per cent and a ROCE of 22 per cent. The stock gave multibagger returns of 2,925 per cent in just 2 years whereas BSE Sensex Index is up by 21 per cent. Investors should keep an eye on this micro-cap stock.