1:5 Split, 1:2 Bonus Share: Maruti Infra Issues Record Date, Shares Gain 891% In 5-Yrs

Small cap company operating in civil construction industry, Maruti Infrastructure Ltd today fixed August 2, 2024 as the record date for 1:5 stock split and 1:2 bonus share. Current market price of Maruti Infrastructure share on BSE is Rs 215.05 per share. Maruti Infrastructure shares jumped 84% in last 1-year and soared 291% in last 2-years. Its market capitalisation stood at Rs 268.81 crore. Maruti Infrastructure shares offered maximum return of 891% in last 5-years.

It is worth mentioning here that it is going to be first ever stock split and bonus issue by the company. It has not declared any dividend so far. More details below:

Maruti Infrastructure Recommended Bonus Share: the company on June 22, 2024 recommended 1:2 bonus share implying shareholders will get 1 bonus share for ever 2 shares held as on August 2, 2024, that is the record date that the company fixed today.

Maruti Infrastructure Declared Stock Split: As per the BSE filing of the company issued On June 22, "recommended the proposal for subdivision /split of existing 1 (one) equity share of face value of Rs 10 (Rupees ten only) each fully paid up into 5 (five) equity shares of the face value of Rs 2/- (Rupees two only) each subject to approval of the shareholders of the company. (Annexure A)."

Maruti Infrastructure Share Performance: The 52-week high price of Maruti Infrastructure share on BSE is Rs 254.70 per share (as on 10/06/2024) and 52-week low price is Rs 100.05 per share (as on 04/08/2023). Maruti Infrastructure share rallied 28% in last 3-months, rose 36% year-to-date, zoomed 291% in last 2-years, and offered return of 467% in last 3-years.

Maruti Infrastructure Q4: The small cap company for the quarter ended March 2024 announced net loss of Rs 0.92 crore as against net profit of Rs 0.78 crore for the corresponding quarter of last year. The company's sales slipped 10.94% to Rs 11.97 crore for the quarter ended March 2024 as compared to Rs 13.44 crore announced in the similar 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.

Disclaimer: The stock highlights the bonus share, 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 any losses. Please consult a professional advisor.