Multibagger Penny Stock Below Rs 6 Jumps 150% YTD, Declares 1:4 Bonus Shares

Vivanta Industries Ltd is a micro-cap company dealing in the Construction business. In the early morning deals the stock jumped 2.50% after the Board of Directors of the company announced record date for 4:1 bonus shares and a 3% dividend.

"In continuation to the earlier intimation/ announcement made by the Company on 31st July, 2023 and pursuant to Regulation 42 of the SEBI (LODR) Regulations, 2015, the Company has revised Tuesday, September 05th, 2023 as Record Date for the purposes of ascertaining the eligibility of shareholders entitled for; 1. Final dividend i.e. 3% of face value of Rs. 1/- per share for the financial year ended March 31, 2023.

The said final dividend, if approved by the Members at the ensuing Annual General Meeting, shall be paid to those Members whose names appear on the Register of Members or on records of National Securities Depositories Limited or Central Depositories Services (India) Limited as beneficial owners as on above mentioned Record Date. 2. Bonus Equity shares of the Company in the proportion of 1 (One) new fully paid-up equity share of Re. 1/- each for every 4 (Four) existing equity shares of Re. 1/- each for the financial year ended March 31, 2023 if approved by the Members at the ensuing Annual General Meeting," said Vivanta Industries in a stock exchange filing.

The company had a net income of Rs 14.08 Cr in Q1FY24 as opposed to Rs 0.12 Cr in Q1FY23. In the quarter that ended in June 2023, it had net expenses of Rs 13.75 Cr compared to Rs 0.08 Cr in the quarter ended June 2022. In the quarter under review, its EBIT improved to Rs 0.33 Cr from Rs 0.03 Cr in the same quarter last year. According to Vivanta Industries, its net profit jumped from 0.03 crore in Q1FY23 to 0.33 crore in the first quarter of FY24. Its sales were Rs 24.74 Cr for the full FY22-23, while its net profit was Rs 1.46 Cr. According to Vivanta Industries, in 12MFY23, its EPS was Rs 1.46.

On Thursday, the shares of Vivanta Industries opened on the BSE at Rs 5.01 apiece and while writing this copy the scrip was trading at Rs 5.40 with an upside gap of 2.47% over the previous close of Rs 5.27. At the present market price, the stock is trading 252.94% above the 1 year low and 37.64% below the 1 year high as the scrip hit a 52-week high of Rs 8.66 on (11/05/2023) and a 52-week low of Rs 1.53 on (03/08/2022).

Over the previous five years, the stock climbed from Rs 2.71 to the current market price, yielding a return of 94.46%. Over the last three years, the stock's price climbed from Rs 0.31 to the current market price, producing a multibagger return of 1,712.08%. Over the last year, the stock's price has risen from Rs. 1.61 to the current market price, producing a multibagger return of 227.33%. On a year-to-date basis, the stock soared from Rs 2.04 to the current market price, generating a multibagger return of 158.33% so far in 2023. The company reported a promoter stake of 42.90% in Q1FY24 and a public stake of 57.10%.