The shares of U H Zaveri Limited opened at Rs 62.50, its new 52-week high. However, the stock price declined by 4.5 per cent to trade at Rs 56.15 till 11.45 on Tuesday.
U.H.Zaveri Limited is a Jewellery company. The company is engaged in both wholesale trading of jewellery and Retail trading of jewellery. The product line of the company includes both Gold and Silver jewellery.
The board of directors of the company has approved the bonus issue of shares in the ratio of 2:3. This means that two bonus shares will be issued for every three stocks held by shareholders. For this purpose, the record date has been set as October 19th, 2022.
In January 2022, the stock was trading at Rs 12.5 apiece on BSE. The stock has scaled up to the current levels representing a multibagger return of 321 per cent YTD.
If an investor would have invested Rs 1 lakh in the company their investment would be worth Rs 4.21 lakhs in just 10 months.
The company reported total revenue of Rs 16.34 crores in FY22 which was a significant increase from Rs 7 crores in FY21. Their net profit in the year stood at Rs 52.34 lakhs up from Rs 14.43 crores in FY21.
The company has a market capitalization of Rs 35.96 crores and the promoters hold a 63.76 per cent stake in the company with zero shares pledged. Further, the company has zero debt.
Written by Anoushka Roy
Disclaimer
The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
