7:1 Bonus, 1:10 Split In 2024: At Rs 2.40, NBFC Penny Stock Gives 7% Returns In 1-Day; 12 Month Gains 233%

Sunshine Capital, an NBFC with penny stock status, rose by nearly 7% on August 8 after announcing its Q1 results. Sunshine is also the same stock which delivered one of the highest bonus issues of 2024 in the ratio of 7:1 and also carried a 1:10 stock split year-to-date.

So far, in 2024, the stock has zoomed by over 95% on BSE. Trading below the Rs 2.50 apiece level, Sunshine Capital has a price-to-equity ratio of -26.58x and a return on equity is negative at -85.28%.

On August 8, the stock ended at Rs 2.40 apiece after market hours, up by 6.2% on BSE with a market cap of Rs 250.00 crore. Overall, on the day, the penny stock gained by 6.6% on BSE with an intraday high of Rs 2.41 apiece.

The stock's 52-week high and low is at Rs 4.13 apiece and Rs 0.46 apiece. In a year, the stock gained by over 233%.

The uptrend in Sunshine Capital stock comes after the company announced its Q1 results.

In Q1FY25, the company earned revenue of Rs 2.86 crore, rising sharply from Rs 1.68 crore in Q1FY24 and Rs 1.25 crore in Q4FY24.

Further, Q1FY25's net profit came in at Rs 2 crore, as against a profit of Rs 1.40 crore in Q1FY24. Also, the company saw a huge turnaround from a net loss of Rs 48.11 crore recorded in Q4FY24.

In 2024 alone, Sunshine has carried a hefty bonus issue and a major stock split.

On March 7, Sunshine Capital first turned ex-split for the ratio of 10:1, meaning its 1 equity share with a face value of Rs 10 each has been split into 10 smaller shares with a face value of Re 1 each.

On that day, the company also carried a 7:1 bonus issue. This meant that the company allotted 7 new bonus shares on the existing 1 equity share to eligible shareholders.

Initially, the company started operation in trading of sale/purchase of equity shares, investments and ancillary financial services i.e. Loans & Advances. It has come a long way in the remarkable growth of the company since its inception.

As per its website, the Company is poised for rapid growth. The unique Experience and insight of its Management allows the company to discover new opportunities and reveal its true potential. Growth and money cannot sustain an organization for as long as uniqueness and excellence can.