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This Penny Real Estate Scrip To Consider Stock Split, Bonus Issue Soon
Excel Realty in trade on July 19, 2022 has been locked in upper circuit limit at Rs. 9.15 per share on the NSE. The penny stock is a multibagger with 1-year return at 147% and 3-year return at 472%. The stock on a 1-month basis has yielded return to the tune of 79%.
The company in its filing dated July 18, 2022 said "eeting of the Board of Directors of the Company is scheduled to be held on Thursday, August 4, 2022 at 10.00 A. M. at Registered Office of the company situated at 31-A, Laxmi Industrial Estate, New Link Road, Andheri(W) Mumbai-400053 inter alia :-
To consider and approve the sub division of face value of Equity shares of the Company, subject to approval of shareholders of the company in upcoming AGM/EGM.
Toconsider and approved the issue of Bonus Share as per applicable rules and regulations of ICDR Regulations, 2014 and 2018 and other applicable rules .
To increase the Authorized Share Capital of the company and alteration of the Capital Clause of the Memorandum of Association of the Company, subject to approval of the shareholders of the Company.
To consider and approve the subsequent change in the Memorandum of Association of the Company, for the above referred items, subject to approval of the shareholders of the Company.
Any Other Business with the permission of the Chairman".
Likewise, the company is seen in traction today.
Excel Realty is a small cap company. The company is in the business of business process outsourcing (BPO) services, development of infrastructure facility such as construction of roads & highways and mining and general trading.
The company's strength includes its low debt. Also, as an opportunity one can see that the stock's last traded price is higher than its second resistance.
The company in its June ended quarter posted a lower income from operations sequentially at Rs. 2.92 crore. Nevertheless, its net loss has come down from Rs. 2.31 crore in March ended quarter to last at Rs. 0.44 crore.
