2,500 Per Cent Multibagger Returns: Penny Stock Below Rs 50: Cocoblu Retail Celebrates 3rd Anniversary with Company-Wide ESOPS for All Employees
The stock is up by 24 per cent from its 52-week low of Rs 37.45 per share and has given multibagger returns of over 2,500 per cent in 5 years.
Marking its third anniversary, Cocoblu Retail, a prominent e-commerce seller under RattanIndia Enterprises, has unveiled a company-wide Employee Stock Ownership Plan (ESOP), demonstrating a significant commitment to its workforce. This inclusive initiative breaks traditional norms by extending ESOPS to every employee, from leadership to frontline associates, allocating 5% of its share capital for the program. By offering these stocks at a notably subsidised exercise price, Cocoblu aims to empower all its employees to become stakeholders and directly benefit from the company's future success, underscoring the belief that each role is integral to their growth narrative.
This announcement follows a remarkable fiscal year 2023-24 for Cocoblu, which saw a 35% year-on-year growth, significantly exceeding the industry standard. This impressive performance is attributed to the company's strong focus on customer satisfaction, technologically advanced operations, and efficient on-the-ground execution. Over the past three years, Cocoblu has strategically expanded its seller and product network, enhanced its customer experience framework, and established a strong, tech-driven operational foundation. With this comprehensive ESOP rollout, Cocoblu is signalling its dedication to fostering a company culture deeply rooted in ownership, inclusivity, and sustained long-term expansion.
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About the Company
RattanIndia Enterprises Limited is a publicly listed company and serves as the growth engine of the RattanIndia Group, dedicated to pioneering new-age businesses. With a focus on innovative technologies, RattanIndia Enterprises is driving the transformation of various industries, including Electric Mobility (Revolt Motors), E-commerce (Cocoblu Retail), Fashion brands (Neo Brands), Fintech (WeFin), and Drones (Neosky), to positively impact the lives of millions of Indians.
The company has a market cap of over Rs 6,000 crore with a 5-year stock price CAGR of 120 per cent. The stock is up by 24 per cent from its 52-week low of Rs 37.45 per share and has given multibagger returns of over 2,500 per cent in 5 years. Investors should keep an eye on this Small-Cap company.
Disclaimer: The article is for informational purposes only and not investment advice.