Double Dhamaka: After Nod To Rs 3/Share Dividend On Jan 10, NBFC Co To Mull Bonus Share

Mid cap company from the NBFC sector, MAS Financial Services Ltd first declared an interim dividend of Rs 3.00 per share on January 10 and today it announced after market hours plans to consider and recommend bonus issues to its shareholders. Last trading price of MAS Financial Services share on BSE is Rs 874.15.

Despite the two announcements, MAS Financial Services shares declined 1.06% in trade today and fell 2.61% in last 1-week. MAS Financial Services shares soared 3% in last 1-month and surged 16% in last 6-months.

The company decided to recommended bonus share to its shareholders as it reached the milestone of Rs. 1O,OO0 Crore Assets under Management (AUM). Check details below:

MAS Financial Services To Consider, Recommend Bonus Share Soon: As per the BSE filing of the company dated Jan 12, "As the company reached the milestone of Rs. 1O,OO0 Crore Assets under Management (AUM), in order to reward the shareholders for their loyalty and investment in the Company, to consider and recommend a proposal for Declaration of Bonus Shares to the Equity Shareholders of the Company, subject to the approval of shareholders."

MAS Financial Services Declares Interim Dividend: As per the BSE filing of the company dated January 10, 2024, "We wish to provide the following information on a consolidated basis for the quarter ended December 31, 2023:

1. The consolidated AUM of the Company crossed the milestone of Rs 10,000 Crore during the quarter and stood at approximately Rs 10,225 Crore as on December 31, 2023, registering a strong growth of 27% YoY.

2. The Company continues to have adequate liquidity of approximately Rs 800 Crore as on December 31, 2023.

3. In consonance with our policy of rewarding the shareholders the board has declared an Interim Dividend of 30.00 % @ 3.00 per share."

Commenting on the performance, Kamlesh Gandhi - Founder, Chairman & Managing Director, MAS Financial said, "This milestone achieved reflects upon the consistent growth of the Company across cycles. We take this opportunity to take fresh guard for our next phase of growth. We trust that the next phase of growth will not only be exciting and successful but also create value for all its stakeholders on a very large scale."

MAS Financial Services Stock Performance & Return: The 52-week high price of MAS Financial Services share on BSE is Rs 966.15 per share and 52-week low price is Rs 680.00 per share, respectively. The company has a market capitalisation of Rs 4778.28 crore. MAS Financial Services shares offered 5.66% return in last 1-year, soared 47% in last 2-years, and fell 3,99% in last 3-years. In last 5-years, MAS Financial Services stock offered gain of 61.40%.

MAS Financial Services About: With a plethora of retail finance options in its arsenal, MAS is focused on fulfilling the requirements of lower income and middle-income groups of the society. It offers financial services for micro enterprises loans, SME loans, home loans, two wheeler loans, used car loans, and commercial vehicle loans to satisfy their varied needs. The focus remains on the vast lower income and middle-income groups of the society, spread across urban, semi urban and rural areas, and including formal and informal sector, according to its official website.

Disclaimer: The stock highlights the bonus share, dividend 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.