Dont miss the action in this multi-bagger stock with 448 per cent returns that have announced a stock split!

Kiran Shroff
/ Categories: Trending, Mindshare
Dont miss the action in this multi-bagger stock with 448 per cent returns that have announced a stock split!

The stock is up by 448 per cent in six months while BSE Sensex is up by 12.95 per cent in six months.

On Wednesday, shares of Mefcom Capital Markets Ltd (MCM) were locked at Rs 140.90 with an upper price band of 5 per cent.. The corporation verified that the record date for the issuance of the stock split is December 02, 2022 and that will split its equity shares of Rs 10 each into five equity shares of a face value of Rs 2 each. A stock split is a corporate action that companies take to increase the number of outstanding shares in order to increase the liquidity of the stock and decrease the value of each share.  

Mefcom Capital Markets Ltd is involved in merchant banking and capital market operations. More than 250 IPOs and rights issues were managed by it, and it assisted in rising more than Rs 2500 crore on the Indian capital markets. 

The company declared a positive set of results and hence is witnessing some fresh buying. The shares of Mefcom Capital Markets Ltd (MCM) saw a spurt in volume by more than 2.5 times on BSE. 

 Currently, Mefcom Capital Markets Ltd (MCM) is trading at a ROCE of 20.9 per cent and an ROE of 11.08 per cent, all of which point to strong managerial performance. The company’s 52-week high is Rs 175.10 and its 52-week low is Rs 22. The stock is up by 448 per cent in just six months while BSE Sensex is only up by 12.95 per cent in six months. 

Investors should keep an eye on this stock.  

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