Stock More Than Double From 52-Week Low: Multibagger Stock Under Rs 120 From Education Sector Hit Upper Circuit on January 13
The stock more than doubled by giving multibagger returns of 117 per cent from its 52-week low of Rs 52.01 per share and a whopping 665 per cent in 3 years.
On Monday, shares of Shanti Educational Initiatives Ltd (SEIL) hit a 5 per cent upper circuit to Rs 113.15 per share from its previous closing of Rs 107.80 per share.
Shanti Educational Initiatives Ltd (SEIL), a division of the Chiripal Group based in Ahmedabad, India, offers a comprehensive range of educational services. Their network includes Shanti Asiatic Schools, operating in multiple cities with over 25,000 K-12 students enrolled, and Shanti Juniors, a chain of over 300 preschools across 74+ cities. In 2013, SEIL launched Shanti's Hopskotch Preschool, catering to parents seeking a premium preschool experience with a global learning approach and a clean environment.
Shanti Educational Initiatives Limited has informed stock exchanges that the Board of Directors has decided to postpone the consideration of a bonus issue. This decision was made during a meeting held in December 2024, where members suggested seeking expert opinions before proceeding with the bonus issue. The company will revisit this agenda item in a subsequent Board Meeting.
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According to Quarterly Results, the net sales increased by 236 per cent to Rs 9.77 crore and net profit increased by per cent to Rs 2.50 crore in Q2FY25 compared to Q2FY24. In its half-yearly results, net sales increased by 87 per cent to Rs 19.60 crore and net profit increased by 50 per cent to Rs 5.60 crore in H1FY25 compared to H1FY24. Looking at its annual results, net sales increased by 73.3 per cent to Rs 19.05 crore and net profit increased by 8.3 per cent to Rs 3.65 crore in FY24 compared to FY23.
The company has a market cap of Rs 1,822 crore. The stock more than doubled by giving multibagger returns of 117 per cent from its 52-week low of Rs 52.01 per share and a whopping 665 per cent in 3 years. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.