DIIs bought 10,00,000 shares & FIIs bought 7,66,013 shares: Multibagger penny stock under Rs 20 bags order of Rs 1,72,41,591 from MeitY
The stock is up by 29 per cent from its 52-week low of Rs 10.98 per share and has given multibagger returns of over 2,200 per cent in 5 years.
SBC Exports Limited announced the receipt of a significant work order from the Ministry of Electronics and Information Technology (MeitY), awarded through NICSI, New Delhi, encompassing Office Support, Project Management Support, and Rollout Services. This domestic work order, bearing reference numbers M2500739, M2410781, M2410785, M2410787, M2410792, M2410794 and M2410854, carries an aggregate value of Rs 1,72,41,591/- and is slated for execution within a period of six months, primarily catering to NICSI/NIC internal requirements and projects under the guidance of NIC/user departments.
SBC Exports Ltd, founded in 2011 as a handicraft trader, has evolved into a diversified company with four primary business verticals: garments, manpower services, IT services and travel. The company's garment division has grown significantly, with four manufacturing units and plans for further expansion. SBC's IT services division provides support to various organisations and its travel subsidiary, Mauji Trip Limited, is experiencing rapid growth. The company's focus on branding, product development and profitability has positioned it for continued success in the coming quarters. With a strong financial performance and a commitment to shareholder value, SBC is poised to emerge as a stronger and more competitive player in the market.
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SBC Exports Ltd has a market cap of over Rs 600 crore. In FY24, the net sales increased by 7 per cent to Rs 209.41 crore and net profit increased by 36.71 per cent to Rs 9.44 crore over FY23. The shares of the company have an ROE of 24 per cent and an ROCE of 25 per cent.
In March 2025, DIIs bought 10,00,000 shares & FIIs bought 7,66,013 shares by taking a fresh entry. The company ex-traded a 1:2 bonus shares issue (one share for every two held). The ex-date was Tuesday, March 04, 2025. The stock is up by 29 per cent from its 52-week low of Rs 10.98 per share and has given multibagger returns of over 2,200 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.