Multibagger microcap stock hits 5 percent upper circuit in the day’s trade after it approved the raising of funds by way of preferential issue of equity shares and equity share warrants for a total value of Rs. 108 Crores.
In the day’s trade the shares of Sky Gold Limited hit 5 percent upper circuit at Rs. 844.90 and its market capitalization is Rs. 893 Crores.
As per the company’s filing Sky Gold Limited has considered and approved the issue of 23,32,800 equity shares and 2,11,500 equity share warrants with face value of Rs. 10 each at an issue price of Rs. 425 each, summing up to a total value of Rs. 108 Crores.
It has delivered multibagger returns of 276 percent in a year and 144 percent in the last six months. A shareholders investment of Rs. 1 lakh in the company would be worth Rs. 3.76 lakh in a year.
In FY23 it reported Revenue of Rs. 1,153.8 Crores, EBITDA of Rs. 25.03 Crores and Net Profit of Rs. 18.61 Crores.
It has reported a return on equity (ROE) of 21.28 percent and a return on capital employed (ROCE) of 17.54 percent, it is making good returns on its equity and capital employed.
Sky Gold Limited is engaged in the business of designing, manufacturing and marketing of ornaments and jewellery.
Written by: Bharath K.S
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