{"id":44223,"date":"2022-05-22T11:30:00","date_gmt":"2022-05-22T06:00:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=44223"},"modified":"2022-05-22T11:14:48","modified_gmt":"2022-05-22T05:44:48","slug":"this-multibagger-chemical-stock-is-coming-up-with-bonus-stock-split-next-week","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/this-multibagger-chemical-stock-is-coming-up-with-bonus-stock-split-next-week\/","title":{"rendered":"This Multibagger Chemical Stock is coming up with Bonus &#038; Stock Split next week"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2556790782\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The Board of\u00a0 Sawaca Business Machines at its meeting held on 13 April 2022 had recommended the proposal for a stock split of its equity shares. Currently, these shares have a face value of \u20b910 each and they are being split into shares of \u20b9 1 each. The shares will quote on an ex-split basis from 27th May 2022. <\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-517087353\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Further, the board had recommended an issue of new equity bonus shares in the proportion of 10\u00a0 equity shares of \u20b91 each for every 100 existing equity shares of \u20b9 1 each held by the shareholders of the company. The ex-date for the bonus is 27th May 2022. <\/p><p>Sawaca Business Machines Ltd is a multibagger stock that gave multibagger returns of 723.14% in three months. The shares of the company surged from \u20b95.23 levels in November 2021 to \u20b9 43.05 in February 2022. However, its share price tumbled thereafter. Currently, the shares are locked at a 5% upper circuit at a price of \u20b9 15.10 apiece. Even though the share price has tumbled, it has given multibagger returns of 188.72% in the past six months.<\/p><p>If an investor would have invested \u20b91,00,000 in the shares of the company six months ago, the value of their holdings would have been \u20b9 2,88,720 today!<\/p><div class=\"trade-content_5\" id=\"trade-1713985561\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Earlier this month, the company declared its results. On a standalone basis, its sales rose 71.22% from \u20b9 1.39 crores in the previous quarter to \u20b9 2.38 crores in the March quarter. At the same time, its net profit increased from \u20b90.18 crores to \u20b9 0.22 crores.<\/p><p>On a yearly basis, its net profit rose 86.36% to \u20b9 0.41 crore in the year ended March 2022 as against \u20b9 0.22 crore during the previous year ended March 2021. Its sales rose 9.74% to \u20b9 2.93 crores in the year ended March 2022 as against \u20b9 2.67 crores during the previous year ended March 2021. <\/p><p>Sawaca Business is engaged in the business of sale of various chemical products and scrap material. It is a nano-cap stock with a market capitalization of \u20b914.98 crores. On the bright side, its price to earnings ratio is lower than the industry average, it has a low debt to equity ratio of 0.01. It has a decent current ratio of 1.05. It does not have pledged shares.<\/p><p>However, its promoters have decreased their stake in the company from 32.60% in December 2021 to 23.47% in March 2022. Moreover, for the last three years, its average ROE, ROCE and net profit margin and revenue have shown weak growth. <\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>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.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3458917758\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The Board of\u00a0 Sawaca Business Machines at its meeting held on 13 April 2022 had recommended the proposal for a stock split of its equity shares. Currently, these shares have a face value of \u20b910 each and they are being split into shares of \u20b9 1 each. The shares will quote on an ex-split basis [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":37503,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1513,31],"tags":[3448,3441,3262,3108,3238,2660,2838,2843,2659,3857,948,936,3855,3856,3157,3158],"class_list":["post-44223","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editor-pick","category-news","tag-bonus-announcement","tag-bonus-issue","tag-chemical-stocks","tag-multi-bagger-stocks","tag-multi-bagger-stocks-india","tag-multibagger-stock","tag-multibagger-stocks","tag-multibagger-stocks-india","tag-multibaggers","tag-sawaca-business","tag-stock-market","tag-stock-market-news","tag-stock-split","tag-stock-split-announcement","tag-stock-to-watch","tag-stock-to-watch-in-2022"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>This Multibagger Chemical Stock is coming up with Bonus &amp; Stock Split next week - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/this-multibagger-chemical-stock-is-coming-up-with-bonus-stock-split-next-week\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"This Multibagger Chemical Stock is coming up with Bonus &amp; Stock Split next week\" \/>\n<meta property=\"og:description\" content=\"The Board of\u00a0 Sawaca Business Machines at its meeting held on 13 April 2022 had recommended the proposal for a stock split of its equity shares. 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