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Shares of Pro Fin Capital Services, a penny stock, have seen a significant upward trend following the company's outstanding financial performance in the second quarter. The company announced a remarkable 443 percent year-on-year jump in its net profit, drawing strong interest from the market.
For the quarter ending in September, Pro Fin Capital Services reported a net profit of ₹13.37 crore, a massive increase from the ₹2.46 crore it earned during the same period last year. The company's revenue from operations also saw a substantial rise of 26.5 percent, reaching ₹13.39 crore. The total income for the quarter surged to ₹42.62 crore, compared to ₹6.69 crore in the corresponding quarter of the previous fiscal year.
This robust financial showing has had a positive impact on the company's stock value. The share price rose by 2.5 percent, trading at ₹9.94. The stock has provided impressive returns to its investors, with a 140 percent increase over the last six months and an extraordinary 1,503 percent rally over the past five years.
In a further boost for shareholders, the company's Board of Directors has also approved the issuance of bonus shares in a 1:1 ratio. This means that for every one share an investor holds, they will receive one additional equity share.
