1:4 Bonus Issue, 1:10 Split: Debt-Free Penny Stock Gains 1082% In 10 Months, Turned Rs 15,000 To Rs 1.8 Lakh

A penny stock in the media segment, Maagh Advertising and Marketing Services will be in focus on Monday as its share price will turn ex-bonus and ex-split. Maagh's per share will be split in the ratio of 1:10, while it will offer 1 bonus share on four existing shares, resulting in a ratio of 1:4. Maagh Advertising has made investors rich in 10 months.

Maagh Advertising and Marketing Services:

This media stock has given tremendous returns since the start of FY24. On April 3rd, 2023, it had touched a 52-week low of Rs 13.98 apiece. From this level, currently, the stock price is up by a whopping 1,082.40%.

If any investor let say's invested his or her monthly salary of Rs 15,000 on the day Maagh Advertising touched a 1-year low. Their investment value has now risen to Rs 1,77,360. On their investment, these investors will bag returns of up to Rs 1,62,360.

Maagh Advertising has the potential to near Rs 190 levels. The stock's 52-week high is at Rs 189 apiece currently.

Last week, on February 2nd, the stock price ended at a 5% lower circuit of Rs 165.30 apiece on BSE. This will soon be split into ten equity shares.

The company's market cap is at Rs 297.56
crore.

Maagh Advertising and Marketing Services Stock Split:

On February 6, the company's board will consider and approve the allotment of Equity Shares under the Stock Split (Sub-division) of the face Value of Equity Shares of the Company from Rs. 10/- to Rs. 1/- per share.

The stock split will be in the ratio of 1:10. Ahead of the board meeting, the company fixed February 5 as the record and ex-split date to determine eligible shareholders.

Maagh Advertising and Marketing Services Bonus Issue:

Further, on February 6, the company's board will consider and approve the allotment of 4,50,02,500 Equity Shares of Rs.1/- pursuant to bonus shares to the Shareholders entitled as on record date.

Similar to the stock split, the record date and ex-bonus date are fixed on February 5.

Fundamentals of Maagh Advertising and Marketing Services:

As per Trendlyne data, the following are the fundamentals for stock analysis:

- Annual Revenue fell 8.09%, in the last year to Rs 20.03 Crores. Its sector's average revenue growth for the last fiscal year was 7.36%.

- Stock Price rose 588.75% and outperformed its sector by 524.44% in the past year.

- Return on Equity(ROE) for the last financial year was 3.66%, less than 10%, indicating an inefficient use of shareholder's capital to generate profit.

- Promoter Pledges are zero.

- Annual Net Profit fell 2.56% in the last year to Rs 0.51 Crores. Its sector's average net profit growth for the last fiscal year was -33.64%.

The debt to debt-to-equity ratio is zero as the company is debt-free.

- Promoter Share Holding decreased by 44.11% in the most recent quarter to 9.83%.

About Maagh Advertising and Marketing Services:

Maagh Advertising and Marketing Services is a data-driven advertising solutions company that helps businesses achieve their marketing goals. Delivering campaigns that are optimized at every point of the campaign journey. Creating precise strategies and analytical metrics, helps brands reach the right audiences. The company's Media Planning & Advertising Company provides ROI-driven results by giving companies the perfect media mix to overcome their marketing challenges.