Don’t miss action in this multibagger stock that has announced bonus shares and dividend!
The stock gave 300 per cent returns in 2 years and over 700 per cent in just 3 years.
Sadhana Nitro Chem Ltd informed that The Board has approved the proposal for issuance of bonus shares in proportion of 2 bonus equity shares for every 9 equity shares of the face value of Rs 1 each held by the shareholders of the company as of record date, subject to the approval of shareholders by postal ballot. The Record date for the aforementioned Bonus Issue will be intimated in due course.
Additionally, the company have recommended a final dividend of 15 per cent or Rs. 0.15 per equity share of the face value of Rs 1 each for the financial year 2022-23.
According to the financials, the company has a market cap of over Rs 2,700 crore with a 3-year CAGR of 102 per cent. The net sales increased by 20.94 per cent, operating profit increased by 122.39 per cent and the net profit skyrocketed by 176.56 per cent in Q4FY23 over Q4FY22. The net sales increased by 8.81 per cent in FY23 compared to FY22.
DSIJ offers a service 'Tiny Treasure' with recommendations for Small-Cap stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the product details pdf here
On Thursday, shares of Sadhana Nitro Chem plunged 2.92 per cent to Rs 131.25 per share with an intraday high of Rs 137.50 and an intraday low of Rs 130.90. The stock has a 52-week high of Rs 174.45 and a 52-week low of Rs 102.
Sadhana Nitro Chem Ltd is engaged in the manufacturing of chemical intermediates, heavy organic chemicals and performance chemicals and wireless network equipment and services.
The stock gave 300 per cent returns in 2 years and over 700 per cent in just 3 years. Investors should keep an eye on this small-cap chemical company under the radar.