Multibagger Stock To Mull Stock Split Today, Gains 500% In 1 Year

EFC (I) Ltd is a small cap commercial services company that recorded a market cap of Rs 614.99 Cr on Friday's closing session. On Monday, June 26, 2023, the board of directors of the firm will meet to discuss and approve a stock split.

"We wish to inform you that the Board Meeting of the Company is scheduled to be held on Monday, the 26th day of June, 2023 at 11 A.M. at registered office of the Company i.e. 6th Floor, VB Capitol Building, Range Hill Road, Opp. Hotel Symphony, Bhoslenagar, Shivajinagar, Pune-411007, Maharashtra to consider and approve: a) Sub-Division/Split of Equity Shares of The Company from Face Value of Rs. 10/- each to Face Value of Rs. 2/- each. b) Alteration of Capital Clause of Memorandum of Association of the Company. c) Any other item," said EFC (I) in a stock exchange filing.

The company recorded a net revenue of Rs 1.20 Cr during Q4FY23 while its revenue stood at Rs 7.00 Cr during FY22-23. As per the data of BSE, the company reported a net loss of Rs -0.56 Cr during the quarter ended March 2023 whereas it reported a net profit of Rs 0.49 Cr during FY22-23.

On Friday, the shares of EFC (I) Ltd closed on the BSE at Rs 886.00 apiece up by 0.34% from the previous close of Rs 883.00. The stock made a 52-week-high of Rs 983.95 on (03/02/2023) and a 52-week-low of Rs 983.95 on (03/02/2023), indicating that at the current market price, the stock is trading 9.95% below the 1-year high and 500.47% above the 1 year low.

The stock price climbed from Rs 63.20 to the current market price during the past five years, resulting in a multibagger return of 1,301.90%. The stock price jumped from Rs 147.55 to the current market price during the course of the past year, resulting in a multibagger return of 500.47%. The stock price went up from Rs 337.55 to the current market price, representing a multibagger return of 162.48% YTD, and from Rs 264.60 to the current market price, representing a multibagger return of 234.85% over the past six months.

During Q4FY23, the company reported promoters' shareholding of 67.03% and public stake of 28.17%.