Small-Cap Stock Trading Near 52W-High Fixes Record Date For Stock Split; Are You Buying?

The Board set a record date for the stock split on March 10th, according to Manbro Industries, a small-cap company. As of Friday, March 13, Manbro Industries Ltd. was trading at Rs 829.95 on the BSE, a strong rise of 2.46% over its previous close. Throughout the day, the stock has moved between a low of Rs 800.00 and a high of Rs 834.95 after starting the session at Rs 810.00. The company currently holds a market capitalization of approximately Rs 481.46 crore, placing it in the small-cap category.

The stock has performed well over the past year, trading close to its 52-week high levels. It touched a 52-week high of Rs 852.45 on March 13, 2025, while the 52-week low stood at Rs 363.85 on December 11, 2025. At the current market price of Rs 829.95, the stock is trading 2.64% below its 52-week high, indicating that it remains near its peak levels. Meanwhile, from the 52-week low of Rs 363.85, the stock has surged nearly 128%.

Manbro Industries Stock Split Record Date

"This is with reference to our letter dated February 09, 2026, wherein, we had informed about the recommendation of the Board of Directors on the following, subject to the approval of the shareholders: a) Sub-division of 1 (one) equity share of face value of Rs 10/- each fully paid-up into 10 (ten) equity shares of face value of Re. 1 each fully paid-up; and Pursuant to Regulation 42 of the SEBI Listing Regulations, 2015, we wish to inform you that the Company has fixed Wednesday, March 25, 2026, as the 'Record Date' for the purpose of determining the members, eligible for the sub-division of existing equity shares of the Company," confirmed Manbro Industries in a regulatory statement.

Manbro Industries Stock Split Details

"In order to provide enhanced liquidity to the Company's equity shares in the stock market, to widen shareholder base and to make it more affordable/ accessible for small investors in the Stock Market, it is proposed to sub-divide each equity share of face value of Rs 10/- into Ten equity shares of face value of Re. 1/- each pursuant to the provisions of Section 61(1) (d) of the Companies Act, 2013 ("the Act"), the rules made thereunder and other applicable provisions. The proposed sub-division (stock split) of shares will not have any effect/result on the voting percentage/rights of any shareholders of the Company. The Company has proposed the sub-division of the equity shares is in the best interest of the Company and its investors. There will not be any change in the amount of authorized, subscribed and paid-up share capital of the Company consequent upon sub-division of equity shares," Manbro Industries informed the stock exchanges on 9th March.

Manbro Industries Target Price

"Manbro Industries right now is on a crazy run recently, shooting up from Rs. 450 in the last quarter all the way to Rs 850 in the current quarter. Today, it is hovering at RSI of 60 and above all major moving averages. It is trading at a massive valuation compared to its actual earnings. For a fresh trade, wait for Rs.700 to Rs.710 levels. Buy with stop loss of Rs.600 and for the target of Rs.840," commented Market Wizard's Adib Noorani.

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