Multibagger Metal Stock To Trade Ex-Bonus, Ex-Split Today, Hits New 52-Week High

Small cap metal stock, Maan Aluminium Ltd is all set to trade ex-bonus and ex-split today. Maan Aluminium fixed July 27, 2023 as the record date earlier last month on June 10. The company on June 9 recommended 1:1 bonus issue and 1:2 stock split. Maan Aluminium shares offered attractive returns to shareholders in last few months. Maan Aluminium stock soared 80% in last 3-months and 171% in last 1-year. Check details below:

Maan Aluminium To Go Ex-Bonus, Ex-Split Today: Maan Aluminium has already fixed July 27, 2023 as the record date for bonus share and stock split.

Maan Aluminium Declared 1:1 Bonus Share On June 9: Board of directors gave their nod to offer 1 bonus share for every 1 share held as on the record date i.e. July 27. As per its regulatory filing, "The Board has recommended to Issue of 1 (One) Bonus Shares for every 1 (One) Equity Shares held by the Equity Shareholders of the Company as on 'Record Date' by way of capitalization of Free Reserves subject to the approval of shareholders in forthcoming Annual General Meeting of the Company in compliance with applicable provisions of the Companies Act, 2013 read with the rules notified and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 and subsequent amendments thereto."

Maan Aluminium Announced 1:2 Stock Split On June 9: The company approved to split shares in the ratio of 1:2. According to the BSE filing of the company, "Alteration in Capital of the Company by Split/Sub-division of 1 (One) Equity Share of the Company having face value of Rs. 10/- each into 2 (Two) Equity Shares of the Company having face value of Rs. 5/- each. Details of Split/ Subdivision of shares in terms of SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 ("SEBI Circular") are attached as Annexure -A."

Maan Aluminium Stock Performance & Return: Last trading price of Maan Aluminium stock is Rs 352.70 apiece with intraday fall of 4.91%. Its 52-week high price is Rs 374.00 per share and 52-week low price is Rs 117.05 per share, respectively. The stock hit new 52-week high and lower circuit on July 26. It traded again new 52-week high on July 25 and hit upper circuit.

Maan Aluminium shares offered return of 80% return in last 3-months, jumped 171% in last 1-year and gave return of 1214% in last 3-years.

About The Company: Maan Aluminium Limited was established in 1989 as Man Aluminium Limited. At the time it was one of the first Aluminium Extrusion Plants to be commissioned in Central India. Maan was founded as a limited company with equity participation of Financial Institutions, public and its promoters at the time. Over the next two decades Maan Aluminium performed exceedingly well in the extrusion profile domain of the aluminium industry, according to its LinkedIn page.

Disclaimer: The stock just highlights the bonus, 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 ay losses. Please consult a professional advisor.