EXHICON Group Stocks Earned 200% Returns in 3 Months!

EXHICON Group has emerged as the sole organization in Asia offering a comprehensive range of products and services for the Trade Fairs and Events Sector. Its diverse portfolio spans from Media to Integrated Marketing Solutions, Temporary to Permanent Event Infrastructure, and Management to Organizing. Over the years, the Group has successfully diversified into various sectors, including Hospitality, F&B, Non-Chemical FMCG, International Trading, and Healthcare. Currently, the Group operates globally with full-fledged overseas operations in India, Thailand, Hong Kong, Dubai and Switzerland, along with an extensive marketing and selling network in over 50 countries. 

Exhicon Events Media Solutions Ltd recently announced that it has acquired Impulse B2B Solution and Associates which are engaged in B2B database research and management services for Exhibition Organizers, Event Management Companies, Convention Venues, and Exhibitors. Target’s unaudited turnover for FY 2022-23 was Rs 8.11 crore. The consideration for the acquisition is INR 8 Crores, payable within 3 to 9 months through cash or share swaps.  

Exhicon Events Media Solutions will acquire 100% of Target’s business. The Target was incorporated on July 31, 2018, and has shown consistent growth in turnover over the last three years, with a presence in various international markets. The acquisition aims to add strategic value to EEMSL, enhance its data and research services and expand its global client base in the event marketplace. 

Furthermore, in FY23 the company reported sales of Rs 58.84 crore, which was an increase of 27% as compared to FY22 while operating profit grew by 103% to Rs 12.77 crore as against FY22. Similarly, the net profit of the company grew by 114% to Rs 9.16 crore as against FY22. 

The company has delivered returns of 214% from the date of its listing in April 2023. 

On Monday, shares of the company surged by 5% and reached its upper circuit limit of Rs 256.60.  

Investors should keep a close eye on this trending microcap stock. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.