Bonus Issue Likely On Dec 5: Small Cap Stock Under Rs 40 Rallies 455% In 2-Yrs

Board of directors of small cap company SBC Exports Ltd are scheduled to hold a meeting on December 5, 2023 to approve and recommend bonus issue to the equity shareholders. Last trading price of SBC Exports share price on BSE is Rs30.55 apiece with intraday gain of 3.38%. The company has a market capitalisation of Rs 646.56 crore. SBC Exports shares gained 102% year-to-date and soared 1341% in last 3-years. Check details below:

SBC Exports Ltd Likely To Recommend Bonus Share Soon: As per the BSE filing of the company issued on October 20, "We wish to inform you that the meeting of the Board of Directors of the Company will be scheduled to be held on Tuesday, 5th December, 2023 at 3.00 P.M. at the Corporate office of the Company i.e. 49/95 Site-IV Sahibabad Industrial Area Ghaziabad, Uttar Pradesh-201010 to transact, inter-alia, consider and approve the following business:

1. To increase in authorized share capital of the Company and subsequent alteration to the Memorandum of Association of the Company;
2. To recommend and approve Issue of Bonus shares to the equity shareholders of the Company;
3. To discuss any other matter related with the Bonus Issue;
4. To discuss any other business with the permission of the Chair."

SBC Exports Stock Outlook & Return: Last trading price of SBC Exports share as on December 1, 2023 on BSE was Rs 30.55 apiece. The stock's 52-week high price is Rs 35.04 apiece and 52-week low price is Rs 13.50 apiece (it hit on 12/12/2022). SBC Exports stock soared 38% in last 3-months, gained 46% in last 6-months, jumped 102% year-to-date, offered return of 455% in last 2-years, and rose 1341% in last 3-years.

SBC Exports Recent Financial Outlook: The company for the quarter ended September 30, 2023 declared its net sales at Rs 30.98 crore, down 12.16% from Rs 35.27 crore in September 2022. Its quarterly net profit soared 36.02% to Rs 2.14 crore for the quarter ended September 2023 as against Rs 1.58 crore declared in the corresponding period of last year. The company announced the EBITDA at Rs 3.87 crore in September 2023, up 77.52% from Rs 2.18 crore in September 2022. Its EPS soared to Rs 0.10 in September 2023 from Rs 0.07 in September 2022.

Disclaimer: The stock just highlights the bonus share and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.