2024-01-16 14:04:32
Only a few of the penny stocks give multipacker returns. BLB Ltd is one of them. The highlight of this is that this share price is less than 30 rupees. Samayam Tamil
BLB Ltd released its December quarter results for the financial year 2023-24. The company announced its quarterly results (Q3FY24) and nine-month results for FY2024. As per the quarterly results, net sales increased by 76 per cent to Rs 44.35 crore and net profit increased by 20.3 per cent to Rs 1.48 crore.
in Q3FY24 compared to Q2FY24. In the first nine months, the company’s net profit rose 31.5 percent to Rs. 4.97 crore and net sales at Rs.109.3 crore.
The company has a market cap of Rs 119 crore with a 3-year share price CAGR of 60 percent. As of September 2023, the promoters of the company hold 45.35 per cent shares, FIIs hold 4.88 per cent and the rest of the shares are owned by the general public i.e. 49.77 per cent are held by the public.
BLB’s share price has fallen by 35 percent in the last 1 year, but has given its investors more than 300 percent multipacker returns in 3 years.
Shares of BLB Ltd rose 0.49 percent to Rs 22.65 per share from its previous close of Rs 22.54 in the stock market today. The stock traded between Rs 25.14 and Rs 22.06 during the day. Shares of the company rose more than 3.8 times on BSE.
Disclaimer: This article is for informational purposes only and not investment advice
If you have 40 lakhs, you can retire
#Multibagger #Penny #StockMass #Selling #Penny #Stock #Company. #Multibagger #Income #multibagger #penny #stock #firm #sales #hike #percent #December #quarterly #results