The stock of Bridge Securities Ltd has seen a remarkable surge, giving investors multibagger returns of 330% in just 1 year. Today, the shares hit a 5% upper circuit, reaching Rs 31.56 per share from its previous closing of Rs 27.27 per share, also setting a new 52-week high.
The company’s Board of Directors announced a stock split, dividing 1 equity share of Rs 10 face value into 10 equity shares of Re1 face value, with the record date set for July 10, 2024. Founded in 1994, Bridge Securities Ltd is a stockbroker and investment advisor in India, providing financial consultation services. As of March 31, 2024, the company is debt-free with a market cap of Rs 10.61 crore.
In the latest Quarterly Results, the company reported a net profit of Rs 0.27 crore in Q4FY24, a significant improvement from a net loss of Rs 0.40 crore in Q4FY23. Similarly, the annual results show a rise in net profit from Rs 0.52 crore in FY24 compared to a net loss of Rs 0.68 crore in FY23.
With a PE ratio of 17x and strong financial metrics like ROE of 75% and ROCE of 99%, Bridge Securities Ltd has attracted investors with its impressive performance. The stock’s exceptional returns and status as a micro-cap stock make it a noteworthy choice for investors to monitor.
Disclaimer: This article is for informational purposes only and not investment advice.