Penny Stock Under Rs 20 Jumps 14 Per Cent After Bagging Rs 65 Crore Contract & Board Announce 5:1 Stock Split
The company has a market cap of Rs 42 crore and the stock is up by 40 per cent from its 52-week low of Rs 11.96 per share.
Laddu Gopal Online Services Limited (formerly known as ETT Limited) has secured a significant order proposal from Chixin Technology Co., Limited, based in Hong Kong. This three-year contract, valued at approximately USD 7,500,000 (around Rs 65 crore), entails Laddu Gopal providing comprehensive digital media marketing and online marketing services. The scope of work encompasses a wide array of activities, including SEO, social media marketing, PPC advertising, content creation, email campaigns, website analytics, and detailed reporting. Payment will be made monthly by the 7th for the preceding month's services.
In addition to this new business acquisition, the Board of Directors of Laddu Gopal Online Services Limited has approved a significant corporate action, subject to shareholder and statutory approvals. The board has decided to sub-divide or split the company's existing equity shares. Currently, each equity share has a face value of ₹10; this will be split into five equity shares, each with a new face value of ₹2. The record date for this sub-division will be determined and announced following the necessary shareholder approvals.
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About the Company
Laddu Gopal Online Services Limited operates in the property development and allied services sector, concentrating on infrastructure projects within the NCR and CBZ zones of Delhi. Their diverse portfolio includes office complexes such as Express Trade Towers in Noida and Gurgaon, residential townships like Baba County, hospitality ventures such as Express Sarovar Portico, and warehousing facilities like Baba Vistas. Over the years, they have also completed projects like Baba Garnet Sheen and Baba Sapphire Crown. Their clientele includes prominent names such as Naukri.com, Yes Bank, ICICI Bank, Axis Bank, HDFC Bank, SBI Bank, Oracle, and Jubilant Foodworks, demonstrating their wide reach across various industries.
On Monday, shares of Laddu Gopal Online Services Ltd jumped 14.06 per cent to Rs 16.76 per share from its previous closing of Rs 14.69 per share. The company has a market cap of Rs 42 crore and the stock is up by 40 per cent from its 52-week low of Rs 11.96 per share.
Disclaimer: The article is for informational purposes only and not investment advice.