Multibagger penny stock under Rs 25: This micro-cap company bags new order worth Rs 37,20,239 from Ministry of Electronics and Information Technology!

The stock gave multibagger returns of 210 per cent in just 1 year, 935 per cent in 2 years and a whopping 1,150 per cent in 3 years.

SBC Exports Ltd received a work order for providing office support and project management support and rollout services. The aggregate purchase order cost of the work order is Rs 37,20,239 and will be executed in 16 months from LOI.

Additionally, the company has declared a final dividend of Rs 0.05 per share for a face value of Rs 1 per share. The company fixed the record date as Wednesday, October 18, 2023, and will be settled on or before Wednesday, October 25, 2023.

On Friday, shares of SBC Exports Ltd surged 3.23 per cent from their previous closing of Rs 26 per share to an intraday high of Rs 26.84 per share. At 03:30 pm, shares of the company ended the day in green, up 0.31 per cent to Rs 26.08 per share.

SBC Exports Ltd was incorporated in 2011 with a market cap of over Rs 550 crore. It is engaged in the trading & manufacturing of garments, manpower supply services and tour operator services. Currently, the company has 70 distributors in India and receives an average of 75 new projects every year. 

The net sales increased by 21.62 per cent to Rs 52.86 crore and net profit increased by 95.32 per cent to Rs 4.59 crore in Q1FY24 compared to Q1FY23. The net sales increased by 8 per cent to Rs 222 crore and net profit skyrocketed by 133.33 per cent in FY23 over FY22.

The stock gave multibagger returns of 210 per cent in just 1 year, 935 per cent in 2 years and a whopping 1,150 per cent in 3 years. Investors should keep an eye on this micro-cap.

Disclaimer: The article is for informational purposes only and not investment advice.