SBC Exports Limited witnessed a surge in its share price on Friday, with the stock rising by nearly 4% to reach Rs. 31.73. This is a high level for the company’s shares in the past 52 weeks, as it was trading at Rs. 35.04 on November 24th. The company has announced that a board meeting of its directors will be held on December 5th, 2023, where they will discuss plans to increase the company’s authorized share capital and make changes to the Memorandum of Association. Additionally, the proposal to issue bonus shares to the company’s equity shareholders is also included. SBC Exports Limited operates in the business of exporting garments, manufacturing, manpower supply services, and tour operator services. Currently, the company has 70 distributors in India and receives an average of 75 new projects every year. The company’s net sales decreased by 4.55% to Rs. 35.22 crore and net profit decreased by 35.63% to Rs. 2.17 crore in the September quarter. However, in comparison to the financial year 2022, the company’s sales increased by 8% to Rs. 222 crore and the profit increased by 133.33%. Over the span of one year, the company’s shares have provided returns of over 100%, 460% in two years, and Rs. 1,340 in three years.
★SBC Exports Limited’s share price increased by nearly 4% on the previous trading day, reaching Rs. 31.73.
★On November 24th, the share price was trading at Rs. 35.04, which is also the 52-week high for the company.
★The company announced that a meeting of the board of directors will be held on December 5th, 2023. The company aims to increase its authorized share capital and make changes to the Memorandum of Association. It also includes a proposal to issue bonus shares to equity shareholders.
★SBC Exports Limited operates in the business of textiles trading and manufacturing, human resource supply services, and tour operator services.
★Currently, the company has 70 distributors in India and receives an average of 75 new projects every year.
★The company’s net sales decreased by 4.55% to Rs. 35.22 crores and profits decreased by 35.63% to Rs. 2.17 crores in the September quarter.
★Compared to the financial year 2022, sales in the financial year 2023 increased by 8% to Rs. 222 crores and profits increased by 133.33%.
★SBC Exports Limited’s shares have provided a return of over 100% in just one year, 460% in two years, and a return of Rs. 1,340 in a three-year period.
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