The share of this micro-cap company gained up to 10 percent after the company signed the Memorandum of Understanding (“MOU”) with the Vibrant Goa Foundation for the Vibrant Goa Global Expo & Summit.
With a market capitalization of Rs 483.81 Crores. Exhicon Events Media Solutions Ltd, On Wednesday, The shares were trading at Rs 407.40 a share, an increase of 10 percent from the previous closing price.
According to the company filing, Exhicon Events Media Solutions Ltd signed the Memorandum of Understanding (“MOU”) with the Vibrant Goa Foundation for the Vibrant Goa Global Expo & Summit for the upcoming 5 years. The international summit is organized with a principal partnership of the government of Goa during 22 and 23rd of March 2024.
Apart from the previously mentioned, the Vibrant Goa Global Expo & Summit presents a perfect platform for Goan industries and the business community to exhibit their capabilities, draw attention to potential business ventures, and promote information sharing among 19 countries globally and 20 Indian states.
Looking into the company’s performance revenue increased by 62 percent from Rs 29 Crore in Q2FY23 to Rs 47 Crore in Q2FY24. During the same period, net profit increased by 40 percent from Rs 5 crore to Rs 7 crore.
In order to serve industries like interior design, hospitality, real estate, capital goods, lighting, mold/die/toolings, textiles/yarn, and HVAC/Electrical products, the company plans to introduce new in-house brands in new exhibition segments.
Exhicon Events Media Solutions Ltd reported return rations in the recent financial year with a return on equity (ROE) of 101 percent and a return on capital employed (ROCE) of 79.4 percent.
The stock gave a 106 percent return in six months and a 506 percent return in a year. If an investor invests Rs 1 lakh in the company would be worth Rs 6.06 Lakhs in a year.
Exhicon Events Media Solutions Ltd intends to acquire exhibition brands in tours and travel, minerals and metals, paper and packaging, and the pharmaceuticals ingredients industry.
Products and services for the exhibition, conference, and events sectors are offered by Exhicon Events Media Solutions Limited.
Written by: Abhishek Singh
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