The shares of S & T Corporation Limited are down by 3.6% and are trading at Rs 285 on Wednesday’s session. On May 2nd this year the share was trading at Rs 36 a piece. From there it has spiked up to the current level thereby logging a multibagger return of 685% in just three months.
In January this year, the stock was trading at Rs 22 per share. From there it has risen up to the current levels and hence delivered a multibagger return of 1,166.67% YTD.
If an investor had invested Rs 1 lakh in the shares of the company on May 2nd your investment would be worth Rs 7.85 lakhs in just three months.
The board of the company is set to meet on August 13, 2022, to consider and approve Unaudited Financial Results for the quarter that ended on June 30, 2022.
In addition to that, the board will also consider a proposal for subdivision of the Equity shares of the Company having a face value of ₹10/- each, in such manner as may be determined by the Board of Directors.
The company reported total revenue of Rs 98.7 lakhs in FY22 as against Rs 93.5 lakhs which it earned in the year-ago period. The net profit of the company zoomed by 130% to Rs 68 lakhs in FY22 up from Rs 30.7 lakhs which it earned in FY21.
The company is involved in the execution of real estate development projects in an individual capacity as well as part of joint ventures. It develops commercial and residential spaces in Mumbai, Nasik, and Goa.
It is a small-cap company having a market capitalization of ₹ 187 crores. The promoters hold 68.74 % of the company while 31.25% is held by the general public.
Written by – Anoushka Roy
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