Multibagger stock under Rs 5: Shares of this micro-cap company hit upper circuit on outstanding results!
The stock gave multibagger returns of 255.66 per cent in 2 years and over 1,000 per cent in 5 years.
Siddha Ventures Ltd, a leading NBFC company announced its quarter (Q4) and annual (FY23) results for the year ended March 31, 2023.
Here are key highlights:
Financial Highlights for the Q4FY23: The company reported net sales of Rs 0.02 lakh, marking a significant increase from zero sales in the same quarter of the previous year. The profit after tax (PAT) stood at Rs 2,028.68 lakh in Q4FY23 compared to a net profit of Rs 38.46 lakh in O4FY22, up 5,175 per cent. The EPS for Q4FY23 stood at Rs 20.29.
Financial Highlights for FY23: The company reported net sales of Rs 0.133.46 lakh in FY23, marking a significant increase from zero sales in FY22. The profit after tax (PAT) stood at Rs 2,127.51 lakh in FY23 compared to a net profit of Rs 30.06 lakh in FY22, up 6,977 per cent. The EPS for Q4FY23 stood at Rs 21.28.
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On Wednesday, one of the Top Gainers on BSE, shares of Siddha Ventures Ltd zoomed 20 per cent upper circuit to Rs 4.80 per share from its previous closing of Rs 4. The shares of the company saw a spurt in volume by more than 4.25 times on BSE. The stock has a 52-week high of Rs 7.55 and a 52-week low of Rs 3.50
Incorporated in 1991, Siddha Ventures Ltd has a market cap of Rs 4.80 crore. The company is in the business of share trading, investment and broking activities. The company mainly consists of investments and trading in quoted and unquoted equities, broking or sub-broking and Other financial service activities, except insurance and pension funding activities. The company operates only in India.
The stock gave multibagger returns of 255.66 per cent in 2 years and over 1,000 per cent in 5 years. Investors should keep an eye on this micro-cap stock.