Debt-Free Multibagger Penny Stock Under Rs 20 Jumps Over 5 Per Cent; Here’s Why

The stock gave multibagger returns of 245.4 per cent from its 52-week low of Rs 5.53 per share, 8,875 per cent in 3 years and a whopping 18,750 per cent in 5 years.

On Friday, shares of Pulsar International Ltd gained over 5 per cent to Rs 19.10 per share from its previous closing of Rs 18.05. The stock’s 52-week high is Rs 19.20 and its 52-week low is Rs 5.53.

Pulsar International Ltd has announced plans to acquire Arham Biochem Private Limited, aiming to bolster its market presence and create long-term value for shareholders. To facilitate this strategic move, the company has appointed B-Solutions Management Consultants to conduct a thorough valuation of Arham Biochem. This expert consultancy firm will play a crucial role in determining the optimal equity swap ratio and financing options, ensuring a smooth and efficient acquisition process. Pulsar International is confident that this acquisition will significantly enhance its growth trajectory and position it for continued success in the market.

PROFILE OF ARHAM BIOCHEM PRIVATE LIMITED

Arham Biochem’s roots trace back to 1974 when Mr Rajnikant Shah established Amar Texdyes Corporation, pioneering the supply of speciality chemicals and dyes to multinational companies in India. The company’s commitment to quality and innovation has been a cornerstone since its inception. In the late 1990s, Arham Biochem capitalized on India’s economic liberalization to expand its operations into export markets, introducing a new range of products for the leather and textile industries. Today, the company’s extensive portfolio, marketed under the ARI brand, encompasses over 100 proven products, catering to the diverse requirements of its customers. This legacy of excellence, coupled with a relentless pursuit of innovation, continues to drive Arham Biochem’s success.

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The shares of the company underwent a 1:10 bonus share issuance on Saturday, September 28, 2024. Existing equity shareholders received one new equity share for every ten shares they currently held. Additionally, the company had previously implemented a stock split on Friday, April 19, 2024, where each equity share with a face value of Rs 10 was split into 10 equity shares with a face value of Rs 1 each.

Pulsar International Ltd, founded in 1990, is a finance and investment company. Though initially involved in trading, imports/exports and consultancy services, their current revenue comes primarily from consultancy fees and sales of work contract materials, indicating a shift in their business focus.

The company has a market cap of over Rs 120 crore with a 3-year stock price CAGR of 375 per cent. The company is debt-free as there is no loan on the company nor the company is paying any interest. The stock gave multibagger returns of 245.4 per cent from its 52-week low of Rs 5.53 per share, 8,875 per cent in 3 years and a whopping 18,750 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.