Under Rs 50: Multibagger Finance Company Announces 1.5:1 Bonus Issue – Stock Gains Over 500 Per cent in Just 1 Year!
The company’s shares have delivered an impressive return of over 850 per cent in the past 2 years.
The Board of Directors of this Small-Cap trading and investment company, in its meeting held on October 5, 2024, has approved the issuance of bonus shares by capitalizing reserves. The bonus shares will be issued in a ratio of 1.5:1, meaning shareholders will receive 1.5 new fully paid-up equity shares of Rs 1 each for every 1 fully paid-up equity share of Rs 1 each they currently hold. This is subject to shareholder approval, and the Board will determine the record date.
Worth Investment & Trading Company Limited, established in 1980, operates in the stock market, specializing in investment and trading. As a finance and investment company, it engages in acquiring, selling, transferring, subscribing to, and holding shares, bonds, and stocks issued or guaranteed by various companies. Additionally, the company offers financial assistance through private financing to select groups.
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The company's shares are currently trading at around Rs 43.32 per share, having risen over 3 per cent, with trading volumes increasing by 1.5 times on the BSE. Its market capitalization stands at Rs 642.38 crore. Notably, the stock has delivered a multibagger return of over 500 per cent in the past year.
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As per the Quarterly Results, in the Q1 FY25, Worth Investment & Trading Company Limited recorded a revenue of Rs 1.27 crore compared to Rs 0.91 crore. It reported an operating profit of Rs 1.09 crore. The net profit stood at Rs 0.80 crore. Looking at the annual performance, the company generated a revenue of Rs 4.40 crore in FY24 compared to Rs 3.65 crore. The operating profit for FY24 was Rs 3.47 crore with a net profit of Rs 1.85 crore compared to Rs 0.90 crore in FY23.
Disclaimer: The article is for informational purposes only and not investment advice.