The shares of Sikko Industries Limited are trading 2.15 per cent higher till 11.45 on Tuesday at Rs 133 levels. In the past five days, the stock has shed approximately 7 per cent.
However, the stock price has surged from Rs Rs 43.30 around the same time in July to the current levels logging a multibagger return of 210 per cent in just three months.
The shares of the company have surged from Rs 40 in October last year to the current levels delivering a multibagger return of 228 per cent in a year.
Sikko Industries Limited is a prominent manufacturer and supplier of organic agricultural pesticides, fungicides, bio fungicides, plant growth stimulants, NPK fertilizers, weedicides, HDPE bottles, and flexible pouches.
The board of directors of the company has approved the issue of Bonus shares. The bonus shall be issued in the ratio of 1:2. This means that for every share held by the shareholder two new shares will be issued. For this purpose, the record date has been set as October 28th, 2022.
In Q2FY22, the total revenue from operations of the company stood at Rs 17.41 Crores which was an increase of almost 70 percent from Rs 10.42 crores in the same period of the previous year.
In the quarter under review, their net profit stood at Rs 40.21 lakhs as against a loss of Rs 339 lakhs in the same quarter a year earlier.
The company has a market capitalization of Rs 149 Crores as on October 25th, 2022. The promoters of the company also hold a 71.43 percent stake in the company with zero shares pledged
Written by Anoushka Roy
