Money Masters Leasing & Finance, an NBFC penny stock, will be in focus during the trading session between August 19th to 23rd, as it will split for the first time. The stock split ratio is 1:10. The stock is currently below Rs 180, but has emerged as a multibagger with gains of a whopping 125%.
Money Masters Leasing and Finance Share Price:
After market hours of August 22, the NBFC stock is at Rs 176.20 apiece, with a market cap of Rs 176.87 crore. Nonetheless, the stock is still near its 52-week high and low of Rs 194.90 apiece and Rs 33.30 apiece respectively.
Meanwhile, its return on equity is sharply low at 0.75%.
YTD, the stock has rallied by 125.03% on BSE. In a year, the stock zoomed by 378.80%. Meanwhile, the all-time gains of Money Masters is around 3,396.03%.
Money Masters Leasing & Finance Stock Split:
The stock split is in the ratio of 1:10. The company has fixed Thursday, August 22, 2024 as the 'Record Date' to determine entitlement of Equity Shareholders for sub-division /split of existing Equity Shares of the Company, such that 1 (One) Equity Share having face value of Rs. 10/- (Rupees Ten only) each, fully paid-up will be 10 (Ten) Equity Shares having face value of Re. 1/- (Rupee One) each fully paid-up.
In general terms, share splits mean that listed companies can split their existing shares into a ratio decided by them for a host of reasons. These could be done to improve liquidity, lessen the value of the stock, make it cheaper or simply attract new buying from both existing and new investors.
About Money Masters Leasing and Finance:
Money Masters Leasing & Finance Ltd. (MMLF) Started operations in 1995 and within 3 years became a public limited company. It obtained a deposit-taking NBFC license (A category) in October 1998 and is presently an asset finance company. Since December 2011 the company has stopped taking public deposits. Money Masters is at present listed on BSE SME.
MMLF provides loans for personal, domestic appliances, and asset purchases to individuals. The company also provides loans for vehicle and equipment on-hire purchases which constitutes more than 80% of its turnover.
The company funds small and medium enterprises, and startup businesses for machineries and consumer goods, which are to be used for commercial activity.
Till date, MMLF has funded approximately 5000 auto-rickshaws apart from IT hardware and other equipment via established dealers.
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