222 Per Cent Multibagger Returns from 52-Week Low; Board Announces 1:1 Bonus Shares; Record Date-July 08, 2025
The stock gave multibagger returns of 222 per cent from its 52-week low of Rs 355.55 per share and a whopping 7,400 per cent in 5 years.
On Wednesday, shares of Meghna Infracon Infrastructure Limited (Formerly known as Naysaa Securities Limited) surged 9.04 per cent to an intraday high of Rs 1,145 per share from its previous closing of Rs 1,050.05 per share.
Meghna Infracon Infrastructure Limited has announced a 1:1 bonus share issue, which was approved by its members. For every one fully paid-up equity share of Rs. 10 held, shareholders will receive one additional fully paid-up bonus equity share of Rs. 10. The company's Board of Directors has set July 08, 2025, as the Record Date to determine eligible shareholders for this bonus allotment. The bonus shares will be issued by capitalising the necessary amount from the company's Securities Premium Account, Free Reserves, or other permitted reserves/surplus, thereby increasing the company's paid-up capital.
Recently, the company launched "Shree Pranam," a new luxury residential project in Model Town, Lokhandwala, Andheri (West), Mumbai, with a Bhoomi Poojan on May 31, 2025. This project marks MIIL's strategic expansion into Mumbai's premium real estate market, leveraging a prime location with excellent connectivity. Due to recent government policy changes, the estimated sales potential for "Shree Pranam" has increased significantly from Rs 400 million to over Rs 600 million, promising enhanced revenue for MIIL GROUP.
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About the Company
Meghna Infracon Infrastructure Limited (Script Code-538668) is headquartered in Mumbai, with having business of real estate development. MIIL Group has delivered multiple Residential projects in Mumbai and is recognised for its superior quality construction and timely project delivery. The Company has extensive experience in construction management and has inherent skills and resources to develop and deliver Real estate projects.
According to Quarterly Results, the net sales increased by 19 per cent to Rs 12.12 crore and net profit increased by 616 per cent to Rs 4.15 crore in Q4FY25 compared to Q4FY24. In its annual results, the net sales decreased by 25 per cent to Rs 39.88 crore and net profit increased by 209 per cent to Rs 9.79 crore in FY25 compared to FY24.
The company has a market cap of over Rs 1,100 crore. The shares of the company have an ROE of 53 per cent and an ROCE of 70 per cent. The stock gave multibagger returns of 222 per cent from its 52-week low of Rs 355.55 per share and a whopping 7,400 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.