FIIs Bought 6,77,765 Shares: Logistics Penny Stock Under Rs 30 Jumps Over 10 Per Cent with Heavy Volume on June 10
The stock has given multibagger returns of over 100 per cent from its 52-week low of Rs 12.90 per share and a whopping 1,400 per cent in 5 years.
On Tuesday, shares of Sindhu Trade Links jumped over 10 per cent to Rs 26.32 per share from its previous closing of Rs 23.86 per share. The stock’s 52-week high is Rs 29.11 per share and its 52-week low is Rs 12.90 per share. The shares of the company saw a spurt in volume by more than 2.50 times on the BSE.
Sindhu Trade Links Ltd is a diversified company primarily focused on transportation logistics and support services. The company's subsidiaries extend their operations into various sectors, including media, overseas coal mining, and biomass-based power generation. A significant portion of the company's business involves transportation, with a fleet of over 200 tippers and 100 loaders dedicated to coal transportation. They also operate a petrol pump and engage in lending activities, inherited from the merger of seven companies. Additionally, the company generates rental income from its land and building assets in Haryana, Chhattisgarh and Delhi.
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According to Quarterly Results (Q3FY25), the company reported net sales of Rs 297.35 crore and a net loss of Rs 58.98 crore while in its half-yearly results (H2FY25), the company reported net sales of Rs 807.46 crore and a net loss of Rs 66.45 crore. In FY25, the company reported net sales of Rs 1,731.10 crore (up 3 per cent YoY) and net profit of Rs 121.59 crore (up 72 per cent YoY). The company reduced debt by 63.4 per cent to Rs 372 crore in FY25 compared to FY24.
In March 2025, FIIs took a fresh entry and bought 6,77,765 Shares and increased their stake to 0.04 per cent. The company has a market cap of over Rs 4,000 crore with a CAGR of 55 per cent in 5 years. The stock has given multibagger returns of over 100 per cent from its 52-week low of Rs 12.90 per share and a whopping 1,400 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.