Multibagger stock below Rs 25: This micro-cap company receives order worth Rs 2.26 crore from Ministry of Electronics and Information Technology!
The net sales increased by 28.45 per cent and net profit skyrocketed by 110.64 per cent in Q4FY23 over Q4FY22. The net profit skyrocketed by 133.33 per cent in FY23 over FY22.
SBC Exports Ltd received a work order for providing office support and project management support and rollout services. The aggregate purchase order cost of the work order is Rs 2,26,05,198 and will be executed in 9 months from LOI. In the financial year 2023-2024, the company has received multiple work orders totalling Rs 34,46,63,248 including the above order.
On Friday, shares of SBC Exports Ltd gain 1.05 per cent from their previous closing of Rs 20.98 per share to an intraday high of Rs 21.20 per share. At 03:30 pm, shares of the company ended the day in green, up 0.14 per cent to Rs 21.01 per share.
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SBC Exports Ltd was incorporated in 2011 with a market cap of Rs 444 crore. It is engaged in the trading & manufacturing of garments, manpower supply services and tour operator services. Currently, the company has 70 distributors in India and receives an average of 75 new projects every year.
The net sales increased by 28.45 per cent and net profit skyrocketed by 110.64 per cent in Q4FY23 over Q4FY22. The net profit skyrocketed by 133.33 per cent in FY23 over FY22.
The stock gave multibagger returns of 397.85 per cent from its 52-week low of Rs 4.65. Investors should keep an eye on this micro-cap stock.