look news india
Many penny stocks offer strong returns to investors. Shares of Khubsurat Limited are in the news at the moment. Today, on Wednesday, the company's shares rose 5 per cent on the BSE. The company's shares hit an upper circuit today and reached a high of Rs 1.21 intraday. Earlier on Tuesday also, during the trading session, it hit an upper circuit of 5 per cent and the stock closed at Rs 1.16. Note that the 52-week high of this stock is Rs 1.96 and the 52-week low is Rs 0.79.
Share details
Khubsoorat Limited has received approval from the Metropolitan Stock Exchange of India Limited (MSEIL) to delist its equity shares. As a result, shares of Khubsoorat Limited will no longer be traded on MSEIL from September 2, 2024. The delisting includes 47,02,73,250 equity shares of Rs 1. It is worth mentioning here that earlier Khubsoorat Limited had made a lot of progress on its liquor manufacturing project in Goa. Starting with the factory plot registered in February 2024, the company has secured important approvals from government agencies, including environmental clearance and permission to drill borewells. The company has also submitted the required application for the establishment license, which is an important step in obtaining the manufacturing license for beer. With these achievements, Khubsoorat Limited is well positioned to increase its production capacity and positively impact its revenue stream in the future.
Company shares
The shareholding pattern of the company is 0.45 per cent as of March 2024 and the remaining stake is held by public shareholders which is 99.55 per cent. The stock is up 47 per cent from its 52-week low of Rs 0.79 per share and has given a multibagger return of 365 per cent in 3 years. It has gained 10 per cent in the last two days.