Multibagger in just 1 year, Board likely to announce bonus shares and stock split!
On Tuesday, shares of the company hit 20 per cent upper circuit and traded at a new 52-week high.
On Tuesday, one of the Top Gainers on BSE, shares of Maan Aluminium Ltd jumped 20 per cent upper circuit to Rs 298.95 per share. The stock also traded at a new 52-week high of Rs 298.95 per share.
Maan Aluminium Ltd, engaged in the business of manufacturing & trading aluminium profiles, announced that the meeting of the Board of Directors of the Company will be held on Friday, June 09, 2023, at 12.30 p.m. inter-alia for the following agenda, apart from other business items:
1. To consider a consequential amendment to the capital clause of the Memorandum of Association of the company.
2. To consider a proposal for sub-division / stock split of the equity shares of the company having a face value of Rs 10 each, subject to such regulatory/ statutory approvals as may be required, including the approval of the shareholders of the Company.
3. To consider an increase in the authorized share capital of the company.
4. To consider the issue of bonus shares to the shareholders of the company.
DSIJ offers a service 'Micro Marvel' with recommendations for micro-cap stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the service details pdf here
Maan Aluminium Ltd reported excellent numbers in its Quarterly Results (Q4FY23) and annual results (FY23). The net sales increased by 103.78 per cent and net profit increased by 77 per cent in Q4FY23 over Q4FY22. The net sales increased by 42.21 per cent and the net profit skyrocketed by 127.34 per cent in FY23 over FY22.
The shares of the company saw a spurt in volume by more than 4.45 times on BSE. The stock gave multibagger returns of 149 per cent in just 1 year and over 1,200 per cent in 3 years. Investors should keep an eye on this micro-cap stock.
Related articles
-
Rs 51,753 crore order book & DIIs increase stake: Multibagger civil construction stock in green as company secures new orders worth Rs 2,071 crore
-
Rs 1,25,000 crore order book: LIC-backed multibagger heavy electrical equipment stock bags order worth Rs 4,000 crore from Adani Power Ltd
-
Multibagger small-cap stock in green after company’s promoter 19,85,925 pledged shares were revoked on March 28
-
Shares below Rs 100: Only buyers were seen in these stocks on March 28
-
Rs 15,00,00,000 investment: This small-cap company acquired 7.5 per cent equity in the popular news channel Bharat Express News