Multibagger penny stock under Rs 70 with 970 per cent returns: The micro-cap company strengthens its collaboration with DHL Express (India) Pvt Ltd!
The stock gave multibagger returns of 650 per cent in 2 years and 970 per cent in 3 years.
Shreeji Translogistics Ltd (STL), is a diversified end-to-end logistics service provider which has evolved into a prominent integrated solution provider for national logistics within India, has entered into a contract with DHL Express (India) Pvt Ltd (DHL) for providing courier cargo under bonded trucking services.
The company has secured additional business from DHL Express (India) Pvt Ltd to handle courier cargo services from Bangalore, further strengthening their longstanding partnership. This contract demonstrates STL's unwavering dedication to providing innovative logistics solutions across India, ensuring on-time delivery and consistent customer satisfaction. The contract further paves the way for the company to expand its reach and capabilities by leveraging its extensive network and resources to meet the needs of the logistics sector.
According to the Quarterly Results (Q1FY23):
Revenue from Operations grew by 27.63 per cent and was reported at Rs 59.40 crore in Q1FY24 compared to Q1FY23.
EBITDA grew by 34.17 per cent and stands at Rs 7 crore in Q1FY24 compared to Q1FY23.
PAT grew by 54.82 per cent to Rs 4.09 crore in Q1FY24 compared to Q1FY23.
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On Tuesday, shares of Shreeji Translogistics Ltd surged 2.38 per cent to an intraday high of Rs 65.90 per share. At the closing bell, shares of the company were trading at Rs 64.64, up 0.42 per cent with a spurt in volume by more than 1.41 times on BSE.
Earlier, the company announced a stock split wherein it will be converting equity shares with a face value of Rs 10 each into 5 equity shares with a face value of Rs 2 each with the record date set as Wednesday, February 15, 2023. The company has a market cap of Rs 339 crore with a 5-year CAGR of 48 per cent.
The stock gave multibagger returns of 650 per cent in 2 years and 970 per cent in 3 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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