The benchmark indices closed in the green on the first trading session of August. The S&P BSE Sensex rallied 545 points or 0.95% to close at 58,115, while the NSE Nifty 50 index ended at 17,340, up 1.06%.
Along with the markets, here are two multibagger stocks that ended in the green today and are coming up with the Rights issue.
Mercury Metals
On Monday, the shares of Mercury Metals zoomed by approximately 5% and closed at Rs 8.67. In a year, the stock has delivered a multibagger return of 346.49% as it has scaled up from Rs 1 per share to the current levels. In the last five days, the stock has added approximately 10% and in the span of a month, the stock has added 126%.
The company is coming up with a rights issue of shares. The record date set for the purpose is August 4, 2022.
For each equity share owned by eligible shareholders as of the record date, the company has stated that it would issue 23 Rights Equity Shares for every 1 Equity share held.
Mercury Metals is engaged in the business of trading ferrous and nonferrous metals. The small-cap company has a market capitalization of Rs 5 crores. The promoters hold a 65% stake in the company.
In FY22, the small-cap company earned a total revenue of Rs 1.18 Crores as against Rs 1.15 Crores which it earned the year before that. Its net profit stood at Rs 23 lakhs as compared to a loss of Rs 9 lakhs which it incurred in FY21.
KCL Infra Projects
On Monday, the shares of Kcl Infra Projects scaled up by approximately 5% and closed at Rs 4.23. In the last five days, the stock has added approximately 21% and in the span of six months, the stock has added 45% In the last five years, the stock has given a multibagger return of 318%.
The company is also coming up with a rights issue of shares. The record date set for the purpose is August 5, 2022.
For each equity share owned by eligible shareholders as of the record date, the company has stated that it would issue 9 Rights Equity Shares for every 1 Equity share held.
KCL Infra Projects Ltd is engaged in the business of Construction and development of properties & Infrastructure Activities. Additionally, the company also provides advisory services. It has a market capitalization of Rs 11 Crores and the promoters hold a 23.2% stake.
In FY22, the small-cap company earned a total revenue of Rs 15 Crores as against Rs 4 Crores which it earned the year before that. Its net profit stood at Rs 48 lakhs as compared to a profit of Rs 10 lakhs which it earned in FY21.
Written by – Anoushka Roy
Disclaimer
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