Penny stock below Rs 5 hits upper circuit as 10,00,00,000 warrants allotted to promoter
Penny stock below Rs 5 hits upper circuit as 10,00,00,000 warrants allotted to promoter
But there was one stock that was creating ripples in this sea of tranquility
A whopping 10,00,00,000 (Ten Crores) of them, locked in a dance of financial alchemy. These warrants were set to be handed over to the 'Promoter' on a preferential basis at an enticing issue price of Rs. 3.40 per warrant. It was an opportunity that couldn't be ignored.
Penny stock under Rs 5 to raise up to Rs 34,00,00,000 by allotting convertible warrants to promoter for company’s growth; do you own it?
From 0.19 per share to Rs 3.03 per share, the stock gave multibagger returns of over 1,495 per cent in 16 years.
The company has already repaid Rs 50 lakh of its bank debt, bringing it down to Rs 6 crore. The company plans to repay an additional Rs 10 crore by the end of this quarter and become debt-free by FY 2023-24. In FY23, the company's net sales increased by 61.2 per cent to Rs 403 crore and its net profit increased by 900 per cent to Rs 10 crore compared to FY22.
Penny stock under Rs 5 likely to raise funds up to Rs 35,00,00,000 after debt reduction programme!
The stock is trading at 1.14 times its book value.
Earlier, the company paid back another Rs 50 lakh, taking its total bank debt down to Rs 6 crore. The company plans to pay back an additional Rs 10 crore by the end of this quarter and become debt-free by FY2023-24. In FY23, the net sales increased by 61.2 per cent to Rs 403 crore and net profit increased by 900 per cent to Rs 10 crore compared to FY22.
Penny stock under Rs 5: This micro-cap stock announced debt reduction programme; target to become debt free in FY24!
From 0.17 per share to Rs 3.04 per share, the stock gave multibagger returns of over 1,690 per cent in 16 years.
Additionally, the Company has paid back Rs 70 million approx., taking the total amount of bank debt down to Rs 650 million approx. and the overall bank-debt reduction till date from the peak to Rs 962 million.
Penny stock under Rs 5: This micro-cap company to establish world-class research laboratory with NABL Accreditation post debt reduction program!
From 0.67 per share to Rs 3.04 per share, the stock gave multibagger returns of over 350 per cent in 16 years.
Earlier, the company paid back Rs 70 million approx., taking the total amount of bank debt down to Rs 650 million approx. and the overall bank-debt reduction till date from the peak to Rs 962 million. It is pertinent to add that the company has set a goal for becoming a 100 per cent debt-free entity within FY 2023-2024 under a debt reduction program.
Penny stock under Rs 5: This micro-cap company bags new orders worth Rs 500 million and comes out with debt reduction program!
The company plans of becoming a debt free entity by the end of FY24.
The company plans of becoming a debt free entity by the end of FY24.
Multibagger penny stock under Rs 5: This micro-cap company has ventured into the arena of green-enviro-friendly infrastructure development projects worth Rs 500 million!
From 0.67 per share to Rs 3.32 per share, the stock gave multibagger returns of 395.53 per cent in 16 years.
Earlier, the company had received orders valued at Rs 200 million approx. (Rs 20 crore) for supplying coal to one of the prestigious cement manufacturers namely Prism Johnson Limited (Cement unit II) promoted by the Rajan Raheja Group. The supplies for this order will start within the next 15 days and will be completed by October 31, 2023.
Multibagger stock under Rs 5: This micro-cap company receives orders worth Rs 20 crore from Prism Johnson Limited!
From 0.67 per share to Rs 3.19 per share, the stock gave multibagger returns of 376.12 per cent in 16 years.
The company’s repayment of debt in order to move ahead on its plans to become a debt-free entity in the ongoing financial year. As a part of its defined debt-reduction program, it has further repaid bank debts by Rs 7.30 crore, taking the total amount of bank debt reduced to Rs 71.8 crore and the overall bank-debt reduction to Rs 98.2 crore approx. from the peak level of about Rs 170 crore, till date.
Multibagger penny stock under Rs 5: This micro-cap company receives orders worth Rs 20 crore!
The net sales increased by 61.20 per cent to Rs 403 crore and net profit skyrocketed by 900 per cent to Rs 10 in FY23 compared to FY22
The company’s repayment of debt in order to move ahead on its plans to become a debt-free entity in the ongoing financial year. As a part of its defined debt-reduction program, it has further repaid bank debts by Rs 7.30 crore, taking the total amount of bank debt reduced to Rs 71.8 crore and the overall bank-debt reduction to Rs 98.2 crore approx. from the peak level of about Rs 170 crore, till date.
Multibagger penny stock under Rs 5: This micro-cap company announces debt reduction programme; target to become debt free in FY24!
The net sales increased by 61.20 per cent to Rs 403 crore and net profit skyrocketed by 900 per cent to Rs 10 in FY23 compared to FY22.
According to the financials, Vikas EcoTech has a market cap of Rs 377 crore. The company reported excellent numbers in its quarterly results and annual results. The net sales increased by 61.20 per cent to Rs 403 crore and net profit skyrocketed by 900 per cent to Rs 10 in FY23 compared to FY22
Multibagger stock under Rs 5: Don’t miss action in this micro-cap company as it raises funds through Qualified Institutional Placement!
The stock gave multibagger returns of 115 per cent in just 2 years.
Vikas Ecotech's shares concluded the trading session on Monday without any change, maintaining a value of Rs 2.96, the same as its previous closing price. Throughout the day, the stock reached a high of Rs 3.03 and a low of Rs 2.95. According to the financials, the company has a market cap of 280.78 crore and reported positive numbers in its quarterly results and annual results.
Multibagger stock under Rs 5: This micro-cap company raises Rs 100 crore through Qualified Institutional Placement!
In FY23, net sales increased by 61.20 per cent and net profit skyrocketed by 900 per cent over FY22.
The stock gave multibagger returns of 116 per cent in just 2 years.