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The stock market continues to decline. There was a decline in both Sensex and Nifty today. However, in the meantime, some such shares were also seen in the market in which upper circuit has been imposed today. One such share is Starlineps Enterprises Ltd. There is an upper circuit of 5% in this stock today. The biggest thing is that at one time the price of this share was more than Rs 138. Let us know why even after such a huge loss, investors got interested in this stock today.
Why was the upper circuit installed?
Starlineps Enterprises Ltd., a company dealing in diamonds and jewellery, has earned a net profit of Rs 3.25 crore in the July-September quarter of 2024-25, which is more than double. Apart from this, the company’s revenue has also doubled. This time it has increased to Rs 24.43 crore as compared to Rs 9.07 crore in the last financial year quarter.
How are the company’s fundamentals?
Talking about the fundamentals of Starlineps Enterprises Ltd., its market cap is Rs 281 crore. Whereas its PE is 44.1. Talking about the ROCE of the company, it is 9.77 percent. Whereas, ROE is 7.05 percent. The face value of the company is Rs 1. Talking about the book value of Starlineps Enterprises Limited, it is Rs 1.25.
How did it go from Rs 138 to Rs 10?
On August 2, 2024, the price of one share of Starlineps Enterprises Limited was Rs 138.50. But, today this share is worth Rs 10.82. Now let us understand how this happened. Actually, the company had recently announced a bonus issue of 1:5. Apart from this, the company had also approved stock split from Rs 5 to Rs 1 per share. Because of this the stock price went straight from Rs 69.04 to Rs 14.50. After this it also declined and the share went below Rs 10.
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