Shares of this micro-cap stock dealing in finance and real estate business, hit the 10 percent upper circuit limit in the day’s trade following the announcement of the stock split of equity shares of the company in the ratio 1:5.
Stock price movement
In Thursday’s trading session, Sellwin Traders Ltd’s stock reached a 10 percent upper circuit limit of Rs.26.01 per share, up from its previous close of Rs.23.65. Year-to-date, the stock has generated a return of over 100 percent.
What Happened
This bullish movement in Sellwin Traders Ltd’s stock followed the announcement of the record date for the stock split. The company has set Friday, November 1, 2024, as the Record Date to determine shareholders’ eligibility for the stock-split of each fully paid equity share of Rs.10 into five fully paid equity shares of Rs.2 each.
This is subject to the approval of the shareholders at the upcoming Extraordinary General Meeting scheduled for Monday, October 21, 2024.
Recent Developments
Sellwin Traders Ltd announced recently that it has signed an agreement with SDF Production to supply agro products to both domestic and global markets, with a revenue potential of Rs 30 crore. Under this Memorandum of Understanding (MoU), Sellwin Traders will provide agro products, which SDF will distribute based on purchase orders in Indian and international markets.
Additionally, the company has secured a deal worth USD 2 million (approximately Rs 167 crore) from UAE-based firm Secorbit FZCO.
Financial Performance
Looking at the company’s financials, the company reported a revenue of Rs.10.77 crore in Q1 FY25, marking a 7.4 percent increase from Rs.10.03 crore in the same quarter last year. Profit After Tax (PAT) surged exceptionally by 1,966 percent to Rs.0.62 crore in Q1 FY25 from Rs.0.03 crore in the same time period.
Company Profile
Sellwin Traders Limited offers real estate and property services in India, focusing on property investment. The company is also involved in investment and trading of shares and securities, as well as providing financial and advisory services. Additionally, it engages in commodity trading.
Written by – Siddesh S Raskar
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