1500% Gain In 3 Yrs: Penny Stock Announces Major Bonus Share Update

MK Exim (India) Ltd is a small-cap company in the consumer discretionary sector with a market cap of Rs 359.07 Cr. The stock ended on the BSE on Tuesday at a 5% upper circuit limit at Rs 88.95 apiece. The rally in the stock price was witnessed after the company announced a major update regarding its bonus issue announcement.

MK Exim (India) Bonus Share News

"Please be informed that 2590 Equity Shares being fractional shares out of bonus issue held by Mr. Murli Madhur Dialani, Whole-time Director of the Company in the capacity of TRUSTEE on behalf of the shareholders entitled for fractional entitlements, will be sold in the open market and the net sale proceeds (after deduction of all such expenses incurred for sale) will be distributed to the respective eligible shareholders as per the board resolution passed in the meeting held on 18th January, 2024," said MK Exim (India) in a stock exchange filing.

"The net sale proceeds will be transferred to the eligible shareholder's bank account registered with their depository participant within 3 weeks from the date of sale through NEFT. All eligible shareholders are therefore requested to ensure that their bank details are updated with their DEMAT account immediately," the company further added.

MK Exim (India) Returns

The stock reached a 52-week-high of Rs 124.95 on (17/01/2024) and a 52-week-low of Rs 48.36 on (23/05/2023). In the last 5 years, the stock has generated a multibagger return of 7,410% and in the last 3 years, it has given a multibagger return of 1,501%. The shares of MK Exim (India) gained 65% in 1 year and on a YTD basis, the scrip has surged 8.08% so far in 2024.

About MK Exim (India)

Founded in 1992, M.K. Exim (India) Limited is a public limited company with its headquarters located in Jaipur. The company's business ventures include textile manufacturing plants, relief supplies, and FMCG cosmetics division with distributorships of BCL Spa, John Paul Mitchell Systems, and Moroccan Oil.