A small cap company which has given a return of 1200 percent in 2 years. Now a big announcement is going to be made from this multibagger. Let’s know the full news
EFC (I) Ltd (formerly known as Amani Trading and Exports Ltd), established in 1984, is engaged in the business of office space leasing. The company has announced that the meeting of its Board of Directors will be held on Friday, December 27, 2024. On the other hand, the board will consider and approve the proposal to issue bonus shares to the shareholders of the company.
Today the company’s shares saw a significant rise in price, which could be a reaction to this news and investors are taking this update positively.
powerful clients
The company has an impressive clientele that includes industry leading and renowned brands like Tech Mahindra, Flipkart, Amazon, Godrej, CarTrade, Meta, Yulu, Westcorp, and Mahindra Finance etc. These partnerships highlight the company’s strong capabilities, which span from technology and e-commerce to financial services and real estate.
Share Performance Today, shares of EFC (I) Ltd gained over 3 per cent and are currently trading at around ₹676.15 per share on the BSE. The current market cap is ₹3,365 crore. The company’s shares have given multibagger returns of more than 1,200 percent in the last 2 years.
Financial Performance According to September 2024 quarterly results, EFC (I) Ltd reported revenue of ₹166 crore, up from ₹98 crore. The company posted an operating profit of ₹79 crore, with a margin of about 48 per cent, against an operating profit of ₹40 crore, with a margin of 41 per cent. The company reported a net profit of ₹37 crore, up ₹11 crore, marking an impressive year-on-year growth.
Disclaimer: This information is for informational purposes only and should not be construed as investment advice. It is recommended to consult a financial advisor before making investment decisions.