Upcoming Bonus Issue, Stock Split: Small Cap Stock Rises 113.34% From 52-Week Low

Small cap company from the real estate sector, Maruti Infrastructure Ltd shares today jumped 13.84% and soared 16.53% yesterday after it informed about it upcoming meeting of Board scheduled to take place on June 22, 2024 to consider stock split, bonus share proposal. It will be the maiden bonus share and stock split of the company in case if Board of Directors approve the corporate action on June 22. Current market price of Maruti Infrastructure share on BSE is Rs 213.45 per share with intraday jump of 14.48%. Maruti Infrastructure shares offered return of 25.59% in last 1-week only and jumped over 95% in last 1-year. Maruti Infrastructure has a market capitalisation of Rs 266.25 crore. More details below:

Maruti Infrastructure Ltd To Mull Proposal of Bonus Share, Stock Split On June 22: As per the regulatory filing of the company dated June 5, 2024, " the meeting of Board of Directors of the Company is scheduled to be held on Saturday 22nd June, 2024, inter alia, to consider the following businesses:

1. To consider a proposal for Increase in Authorized Share Capital of the Company and subsequent alteration to the Memorandum of Association of the Company.

2. To consider the sub-division/ split of equity shares of the Company.

3. To recommend the proposal for issuance of Bonus shares

4. Other businesses."

Maruti Infrastructure Share Performance: Maruti Infrastructure shares today hit fresh 52-week high when the stock price surged to 214.45 per share on BSE. Maruti Infrastructure Ltd share also witnessed spurt in volume by more than 4.67 times. 52-week high price of Maruti Infrastructure share on BSE is Rs 214.45 per share 06/06/2024) and 52-week low price is Rs 100.05 per share (as on 04/08/2023). Maruti Infrastructure share gained over 34% year-to-date, witnessed attractive rally of 263% in last 2-years, surged 625% in last 3-years, and offered return of 1047% in last 5-years.

Maruti Infrastructure Q4: Maruti Infrastructure for the quarter ended March 2024 announced net loss at Rs 0.92 crore as against the net profit of Rs 0.78 crore for the corresponding quarter of last year. Its sales witnessed decline of 10.94% to Rs 11.97 crore for the quarter ended March 2024 as compared to Rs 13.44 crore announced 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.

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