Bonus Share: Small Cap Stock Under 30 To Approve On Dec 5, Rises 830% In 3-Yrs

Board of directors of small cap stock SBC Exports Ltd priced under Rs 30 are scheduled to meet on December 5, 2023 to recommend and approve issue of bonus shares to the equity shareholders of the company. Last trading price of SBC Exports share on BSE is Rs 29.04 apiece with intraday gain of 1.93%. SBC Exports shares soared 92% YTD, gained 830% in last 2-years, and jumped 1282% in last 3-years. Check details below:

SBC Exports Ltd To Approve Bonus Share: 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 Performance & Return: Last trading price of SBC Exports share on BSE is Rs 29.04 per share. Its 52-week high price is Rs 29.95 per share and 52-week low price is Rs 10.05 per share (it hit on 22/11/2022). SBC Exports shares gained 29% in last 6-months, soared 92% YTD, gained 166% in last 1-year, jumped 830% in last 2-years, and offered return of 1282% in last 3-years.

SBC Exports Financial Results: 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.

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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.