1:2 Bonus Share: Multibagger Penny Stock Gives Update On Bonus Share Allotment

Small cap company operating in the real estate sector, Maruti Infrastructure Ltd today issued update on the allotment of 1:2 bonus issue. Current market price of Maruti Infrastructure share on BSE 34.30 per share with gain of 4.89% in trade today. Maruti Infrastructure shares offered shareholders return of 131% in last 1-year and rose 502% in last 3-years. The company's market capitalisation stood at Rs 321.56 crore. Check details below:

Maruti Infrastructure Ltd Issues Update On 1:2 Bonus Allotment: As per the regulatory filing of Maruti Infrastructure Ltd issued on August 11, "Board of Directors of the Company in their meeting held on Monday, 12th August, 2024 has approved allotment of 3,12,50,000 (Three Crore Twelve Lakh Fifty Thousands) Equity shares of Rs. 2/- (Rupees Two Only) (Post Subdivision) as bonus issue in the ratio of 1:2 i.e. one new bonus Equity Share of Rs. 2/- each for every two existing fully paid up Equity Shares of Rs.2/- each, to the Members whose name appeared in the register of Members / list of beneficial owners as on August 09, 2024, the record date fixed for the above purpose."

Earlier, Maruti Infrastructure recommended 1:5 stock split and 1:2 bonus share on June 22, 2024.

Maruti Infrastructure Share Performance: The 52-week high price of Maruti Infrastructure share on BSE is Rs 34.30 per share (as on 12/08/2024) and 52-week low price is Rs 14.10 per share (as on 14/08/2023). Maruti Infrastructure shares soared 55% in last 3-months, soared 63% year-to-date, offered return of 377% in last 2-years, and gained 1103% in last 5-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.

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