Small-Cap Company Ventures into UK Market with New Subsidiary
The stock gave multibagger returns of 897 per cent in just 1 year and a whopping 4,000 per cent in 3 years.
Lucent Industries Ltd, formerly known as Sylph Education Solutions Limited, has announced the incorporation of a wholly-owned subsidiary named Mobavenue Global Holdings Limited in London, United Kingdom. This strategic move marks the company's entry into the advertising, digital media, and mobile solutions industry. The new subsidiary aims to offer a wide range of services, including digital marketing, content creation, and mobile app development.
The incorporation of Mobavenue Global Holdings Limited is expected to enhance Lucent Industries' service offerings and bolster its organic growth strategy. The initial capital for the subsidiary is set at 10,000 GBP, and the promoters of Lucent Industries are directors of the new entity. This expansion aligns with the company's objective to broaden its solution offerings and strengthen its market position in digital transformation and technology services.
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Today, the stock price of Lucent Industries Ltd stands at Rs 610. The stock is trading near its 52-week high of Rs 650, while the 52-week low is recorded at Rs 61.19.
Lucent Industries Ltd, incorporated in 2010, specializes in providing vocational courses, skill development, corporate training, and HR solutions. Despite its focus on professional skill development and corporate training, the company is currently not engaged in any business activity due to a scarcity of working capital. The company has undertaken several cost-cutting measures to become operational again. In FY22, Lucent Industries generated its entire revenue from sales. However, the company faces issues such as the need to update its website as per SEBI provisions and the requirement to appoint an internal auditor. The company underwent a name change from Sylph Education Solutions Limited to Lucent Industries Limited in January 2022.
Lucent Industries Ltd has a market capitalization of Rs 900 crore. The stock gave multibagger returns of
Disclaimer: The article is for informational purposes only and not investment advice.