1:5 Stock Split, 1:2 Bonus Share: Multibagger Small Cap Stock Declares Post Mkt Hours

Small cap company from the real estate sector, Maruti Infrastructure Ltd recommended 1:5 stock split and 1:2 bonus share on June 22, 2024. Current market price of Maruti Infrastructure share on BSE is Rs 215.40 per share with intraday gain of 0.44% as on June 21, 2024. Maruti Infrastructure shares offered multibagger returns of 292% in last 2-years and 1209% in last 5-years.

The company's market capitalisation stood at Rs 269.25 crore as on June 21, 2024. This is the maiden bonus share and stock split that Maruti Infrastructure recommended. The company has not yet declared any dividend till date. Check details below:

Maruti Infrastructure Declares Stock Split: As per the BSE filing of the company issued post market hours today, "Recommended the proposal for subdivision /split of existing 1 (one) equity share of face value of Rs 10 (Rupees ten only) each fully paid up into 5 (five) equity shares of the face value of Rs 2/- (Rupees two only) each subject to approval of the shareholders of the company. (Annexure A)
Maruti Infrastructure Approves Bonus Share: The BSE filing further added, "recommended the bonus issue of equity shares in the proportion of 1 (one) equity share of Rs 2/- each for every 2 (two) equity shares of Rs 2/- each held by shareholders of the company as on the record date, subject to approval of shareholders of the company." (Annexure B)

Maruti Infrastructure Share Performance: The 52-week high price of Maruti Infrastructure share on BSE is Rs 254.70 per share (as on 10/06/2024) and 52-week low price is Rs 100.05 per share (as on 04/08/2023). Maruti Infrastructure share jumped 25.20% in last 1-month, soared 36% year-to-date, rallied 42% in last 6-months, surged 70% in last 1-year, and gained 677% in last 3-years.

Maruti Infrastructure Q4: Maruti Infrastructure for the quarter ended March 2024 declared its net loss at Rs 0.92 crore as compared the net profit of Rs 0.78 crore for the corresponding quarter of last year. Maruti Infrastructure's sales fell 10.94% to Rs 11.97 crore for the quarter ended March 2024 as against Rs 13.44 crore declared in the corresponding quarter of last year. For the whole year, the net profit surged 27.19% to Rs 1.45 crore for the year ended March 2024 as against Rs 1.14 crore declared in the previous year ended March 2023. Sales surged 9.15% to Rs 38.40 crore for the year ended March 2024 as compared to Rs 35.18 crore during the previous year ended March 2023.

Disclaimer: The stock highlights the bonus share, stock split, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.