1:1 Bonus Share Declares: Multibagger Penny Stock Zooms 200 Percent In 1 Month

This is a penny company related to the civil construction industry, and its market cap is only Rs 200 crore. The name of the stock is Promax Power Limited (BSE: 543375) and for the last few days, the upper circuit has been seen continuously in this stock. Even today it has hit an upper circuit of 5% and is currently trading at Rs 160.38 per share. Its 52-week high is Rs 160.38 and its 52-week low is Rs 34.37.

Promax Power Declares 1:1 Bonus Share

Recently, a meeting of the board of directors of the company was held in which it was recommended to give bonus shares in the ratio of 1:1. However, no record date has been set yet. As per the BSE filing dated Feb 20, 2024, the board of directors recommended of Increase in the company’s Authorized Capital to Rs. 25 Crores by dividing it into 2.5 Crore Equity Shares of Rs. 10/- each. Further, the company decided to move from SME to mainboard exchanges (Bombay Stock Exchange and National Stock Exchange). Apart from this, the date of the Extra Ordinary General Meeting has been fixed on 26 March 2024.

Promax Power Shares Performance & Return

Shares of Promax Power were listed on BSE in Oct 2021 and since its listing, it has delivered marvelous returns. This stock has given more than 200 percent returns in a month and more than 190% within six months. You can check the tables below to know the performance in detail.

Shares Zoom 200 Percent In 1 Month

Promax Power shares zoom 200 percent in only one month, 178.92% in three months, and 291.27% in nine months. The company’s overall performance over the last 12 months is 285.53% and for investors who invested ₹10,000 in it 12 months ago, its value has grown to ₹38,553 today.

Promax Power Shares Performance in 2024

Promax Power’s share price was ₹58.50 in January 2024 and today it is trading at ₹160.38, representing a total gain of 174.15% in 2024 YTD.

Promax Power Shares Performance in 2023

The share price of Promax Power in January 2023 was ₹33.00 and on the last trading day of the year, it closed at ₹54.15 with a gain of 64.09%.

More than 1200 Percent Growth in less than 3 Years

In the table below you can check the company’s absolute returns and CAGR growth from listing. You can also check that if someone has invested a lump sum of Rs 10,000 then what is the value of those Rs 10,000 worth of shares today…

• If we look at the performance of the last 12 months, it has seen a rise of more than 280 percent.
• In the last two years, it has increased investors’ money by more than 7 times.
• For investors who had invested Rs 10,000 in it on listing days, the value of those ₹10 thousand shares has increased to ₹1.39 lakh today.
• The company’s stock CAGR growth since listing is 204.71 percent.

Promax Power Performance since Listing (Year-wise)

About the Company

Established in 2004, Promax Power Ltd is involved in the implementation of turnkey projects across various domains including power, substations, hydro projects, transmission lines, distribution networks, electrification, civil construction, pre-engineered buildings, high-rise buildings, sewerage, and water treatment. Providing expert solutions, as well as design and engineering services, the company caters to the diverse needs of its customers. Promax Power Ltd also holds a 24% stake in Promax Carbontier Pvt Ltd, which focuses on climate change and carbon credit project development.

Note: This is a SME stock and is available in LOTs only and 1 lot consists of 2500 shares. Examples of “Returns on ₹10k” are used for reference only.

Disclaimer: This article is for informational purposes only and should not be considered investment advice.