1:2 Bonus Shares: Multibagger Stock Sets Record Date; 112% Gain From 52W-Low

During Friday's closing session, SBC Exports Ltd, a small-cap company in the commercial services & supplies sector, attained a market worth of Rs 631.32 Cr. The company has consistently produced excellent apparel for women, men, and children.

It offers a wide range of T-shirts, jeans, sweatshirts, trousers, jackets, leggings, and other products under brands like "SBC DESIGN+," "F-ROUTE," "IEDEE," "FEMAS FASHIONS," "FEMAS LINGERIE'S," and "FEMAS JEANS," among others. The company also provides manpower supply services and operates in the information technology industry. The company is going to reward its shareholders with bonus shares and for the purpose of the same record date has been finalized.

"Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, The Company has fixed Friday, January 19th, 2024 as the "Record Date" for the purpose of ascertaining the eligibility of shareholders for Issue of Bonus Equity Shares in the ratio of 1:2, which is subject to the approval of shareholders," said SBC Exports in a stock exchange filing.

SBC Exports Financials

In the September 2023 quarter, the company's consolidated net sales were Rs. 35.22 crore, a 4.56% decrease from the September 2022 quarter's Rs. 36.90 crore. In Q2FY24, the company's net profit of Rs. 2.17 crore was generated, a 35.77% rise compared to Rs. 1.60 crore in Q2FY23. EBITDA jumped by 80% from Rs. 2.20 crore in the same quarter of FY23 to Rs. 3.96 crore in September 2023.

SBC Exports Share Price History

On Friday, the shares of SBC Exports closed on the BSE at Rs 29.83 apiece down by 0.96% from the previous close of Rs 30.12. The stock price climbed from Rs 14.85 to the current market price in the past year, resulting in a multibagger return of 100.20%. The stock price went up from Rs 2.05 to the current market price during the previous three years, resulting in a multibagger return of 1,317.10%.

The stock price has gone up from Rs 1.20 to the current market price during the past five years, resulting in a multibagger return of 2,611.82%. The stock reached a 52-week-high of Rs 35.04 on (24/11/2023) and a 52-week-low of Rs 14.02 on (07/02/2023), indicating that at the current market price, the stock is trading 112.76% higher than its 1-year low and trading at a discount of 14.86% from its 1 year high.