4:1 Bonus Issue, 1:10 Split: Penny Stock Below Rs 18 Falls By 5% After 9-Consecutive Days Rally; Do You Own?

Maagh Advertising and Marketing Services, a penny stock, that has been enjoying a bullish trend since its ex-bonus and ex-split date, fell by 5% after a nine-consecutive days rally. Maagh currently trades below Rs 18. The company announced the allotment of shares in a 1:10 stock split and a 4:1 bonus issue.

On BSE, the stock ended the week in red at Rs 17.80 apiece, down by 4.81% with a market cap of Rs 400.52 crore. The stock has been in green from February 5th to 15th, hitting back-to-back upper circuits and new 52-week highs.

On Friday as well, the stock touched a new 52-week high of Rs 19.10 apiece before correcting and ending in the red zone. From its 52-week low of Rs 1.12 apiece, the stock is up by 1,489.28% currently.

Maagh Advertising and Marketing Services Stock Split:

On February 6th, the Board took on record the allotment of Equity Shares in the ratio of 10 (Ten) Equity Shares of Rs. 1/- (Rupee One only) each for every 1 (One) Equity Share of Rs. 10/- (Rupees Ten only) each held by the members as on record date i.e. 05th February 2024 pursuant to Sub-division.

Maagh Advertising and Marketing Service Bonus Issue:

Further, the board has already approved the allotment of 4,50,02,500 Equity Shares of Rs 1/- each as Bonus Shares in the ratio of 1 (One) Equity Shares for every 4 (Four) Equity Shares held to the eligible Shareholders as on record date ie. 05th February, 2024. The Bonus Shares Issued is post-sub division.

Pursuant to the Allotment of Bonus Shares, the Paid up share of the company is Rs. 22,50,12,500 divided into 22,50,12,500 Equity Shares of Rs. 1/- each.

About Maagh Advertising and Marketing Services:

Maagh Advertising and Marketing Services is a data-driven advertising solutions company that helps businesses achieve their marketing goals. Delivering campaigns that are optimized at every point of the campaign journey. Creating precise strategies and analytical metrics, helps brands reach the right audiences. The company's Media Planning & Advertising Company provides ROI-driven results by giving companies the perfect media mix to overcome their marketing challenges. As part of its efforts to create a unique brand experience in the advertising space, the company offers a dedicated account manager, industry insight, etc. Using data-driven decision-making & a distinctive approach helps us deliver flawless campaigns.

Maagh Advertising and Marketing Services Stock Fundamentals:

As per Trendlyne data, here are the key fundamentals for analysts of Maagh Advertising share:

- Annual Revenue fell 8.09%, in the last year to Rs 20.03 Crores. Its sector's average revenue growth for the last fiscal year was 12.38%.

- Stock Price rose 623.58% and outperformed its sector by 566.06% in the past year.

- Return on Equity(ROE) for the last financial year was 3.66%, less than 10%, indicating an inefficient use of shareholder's capital to generate profit.

- Annual Net Profit fell 2.56% in the last year to Rs 0.51 Crores. Its sector's average net profit growth for the last fiscal year was -34.79%.

- Debt to Equity Ratio is zero as the company is debt-free.

- Promoter Share Holding decreased by 44.11% in the most recent quarter to 9.83%.

- Promoter Pledges are zero.

Disclaimer: The write-up highlights its stock split and fundamentals, 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.