1:10 Stock Split: August 22 Record Date; SL Rs 125, TP Rs. 185-240; Buy At?

With a market valuation of Rs 166 Cr, Money Masters Leasing & Finance Ltd. is a small-cap NBFC firm. The firm offers loans to clients for the acquisition of assets, including personal appliances. Additionally, it offers loans for equipment and vehicles on hire purchase. The organisation provides funding to small and medium-sized businesses, as well as businesses that sell consumer items and machinery for use in commercial activities. Money Masters Leasing & Finance Ltd. (MMLF) was founded in 1995 and became a public limited company in just three years. It became an asset finance company in October 1998 after obtaining an NBFC licence (A category) for deposit-taking.

Money Masters Leasing & Finance Stock Split

"Pursuant to Regulation 42 of the SEBI Listing Regulations, this is to inform you that the Company has fixed Thursday, August 22, 2024 as the 'Record Date' for the purpose of determining entitlement of Equity Shareholders for the purpose of 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, ranking pari-passu in all respects which was approved by the Equity Shareholders through Postal Ballot on July 28, 2024," said Money Masters Leasing & Finance in a stock exchange filing.

Money Masters Leasing & Finance Q1 Result Date

"Pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we write to inform you that a Meeting of the Board of Directors of the Company will be held on Monday, 12th August, 2024, inter alia, to consider and approve Audited Financial Results of the Company for the quarter 30th June, 2024," Money Masters Leasing & Finance informed stock exchanges.

Money Masters Leasing & Finance Share Price Target

"Money Masters Leasing And Finance Limited's stock has been very volatile in the last 52 weeks, with its price trading in a range of Rs. 30.29-194. The stock's PE ratio of 341.06 is relatively higher than the sector's PE ratio of 14.11, suggesting overvaluation. Its P/B ratio of 11.26 also overshadows its ROE of 3.47%. The stock is currently trading at Rs. 173, and there is a possibility of a dip. So, those interested can explore the range of Rs. 140-150 and set a target for Rs. 185-240. They can hold this stock for 2-7 months, given they adhere to a stop loss of Rs. 125 to limit loss," recommended V.L.A. Ambala, a Research Analyst (SEBI Registered), Co-founder - Stock Market Today (SMT).

Disclaimer

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