The Nifty 50 index has surpassed its January 2025 swing high, reclaiming the 24,300 mark and logging a fresh four-month high. Broader markets have also joined the party, with the Nifty Midcap 100 index gaining 1 per cent as of 2:29 PM on April 23, thereby outperforming the frontline index. Meanwhile, the Nifty Small-cap 100 index added 0.30 per cent.
Amidst this buoyant sentiment on D-Street, one penny stock is making headlines for hitting back -to-back upper circuits is Murae Organisor Ltd. On April 23, shares of Murae Organisor were locked in the upper limit on the BSE – marking the fifth consecutive session the stock has done so. Priced under Rs 2, the stock has surged 33.5 per cent from its April 16 lows.
The key trigger for this rally appears to be the upcoming Board of Directors meeting, scheduled for Thursday, April 24, 2025, where the company will consider and approve a proposal for a stock split.
Interestingly, this is not the first time the company will consider a stock split. Back in 2021, during the Board of Directors meeting held on December 18, the board approved stock split, reducing the face value of shares from Rs 10 each to Rs 2 each. This meant that every one share with a face value of Rs 10 was split into five shares with a face value of Rs 2 each, effectively increasing the number of outstanding shares fivefold.
In Q3FY25, the company reported a 384.3% quarter-on-quarter (QoQ) jump in revenue, with total revenue from operations rising to Rs 281.04 crore in Q3FY25, compared to Rs 58.01 crore in the previous quarter. The company’s profitability has also seen an impressive boost, with net profit surging 344.3% to Rs 4.01 crore, compared to Rs 0.90 crore in Q2FY25.
Murae Organisor is in the business of manufacturing Pharmaceutical, Nutraceutical, Ayurvedic Herbal products, and trading of pharma products. It acts as a commission agent in pharma products etc. It provides premium cattle feed which is formulated to support livestock health and performance, while its fertilizers and chemicals are designed to optimize crop yields and ensure safety. It also offers expertise in the gold sector, providing insights and services related to this precious metal.
Disclaimer: The article is for informational purposes only and not investment advice.
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