Multibagger penny stock under Rs 5: Company approved equity investment for establishing a new manufacturing facility in Angola & Sale of land of company
The stock is up by 16.67 per cent from its 52-week low of Rs 2.40 per share and has given multibagger returns of over 1,000 per cent in 5 years.
Vivanta Industries Limited recently announced two significant strategic moves: an equity investment to establish a new manufacturing facility in Angola and the sale of company land. The company has approved acquiring up to a 35 per cent equity stake in Angav Indústria Farmacêutica S.A., an Angolan pharmaceutical company with a share capital of one million kwanzas (approximately twenty thousand US dollars). This investment aims to strengthen Vivanta's presence in the pharmaceutical sector and facilitate the collaborative development and distribution of healthcare products. The Board has authorised the management to proceed with the necessary steps, including due diligence, regulatory approvals from the Angolan government and the finalisation of definitive agreements. This partnership specifically outlines Angav's role in selling products manufactured by Vivanta Industries Limited, designed to boost growth and financial stability.
In a separate decision, Vivanta Industries Limited's Board of Directors also approved the sale of approximately 6.25 Bigha of freehold land located in Sanand, Ahmedabad. This sale is contingent on legal due diligence and requisite shareholder and regulatory approvals. The company has stated that this property sale will not impact its business operations and does not constitute a substantial portion of the company's undertaking as per Section 180(1)(a) of the Companies Act, 2013.
DSIJ offers a service 'PAS' which provides stock recommendations that have the potential to generate excellent returns on your portfolio. If this interests you, download the service details pdf here
About the Company
Vivanta Industries Ltd. (est. 2013) is a diversified company trading in steel products, electronics and shares & securities. They also offer comprehensive Project Management Consultancy (P.M.C.C) and Turnkey Project services. This includes everything from conceptualisation to commissioning for projects like pharmaceutical and medical device plants, R&D labs and solar installations. Their expertise covers the entire project lifecycle, ensuring end-to-end solutions.
On Friday, shares of Vivanta Industries Ltd gained 0.72 per cent to Rs 2.80 per share from its previous closing of Rs 2.78 with an intraday high of Rs 2.88 and intraday low of Rs 2.77. The stock’s 52-week high is Rs 4.53 and its 52-week low is Rs 2.40.
The promoters of the company hold a 10.93 per cent stake and the public owns an 89.07 per cent stake in the company as of December 2024. The company has a market cap of Rs 43 crore. The stock is up by 16.67 per cent from its 52-week low of Rs 2.40 per share and has given multibagger returns of over 1,000 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.