This Multibagger Company's Stock Rallies 290% In 6 Months: Stock Split This Week, Do You Own?

Maximus International Ltd. is set to initiate its stock split this week, On September 30. It had a face value of Rs. 10, and the new face value Rs. 1. The company informed the stock exchanges, "Sub-division of 1 Equity Share of the Company having face value of Rs. 10 each into 10 Equity Shares having face value of Re. 1 each, subject to regulatory/statutory approvals as may be required and the approval of the shareholders of the Company."

Maximus International - stock performance on BSE

The current market price of Maximus International closed at Rs. 407.90, gaining by 5.00%, on September 23 on BSE. In the last 1 month its share price gained by 36.22%, in the last 6 months its share price gained by 292.02%. Additionally, in the last 1 year its share price gained by 300.88%, making it a multibagger stock.

The 52-week high level of this stock is Rs. 480.50, and the 52-week low level of this stock is Rs. 86.25.

Financial results

According to data available with BSE, in Q1 FY23, this company's revenue stood at Rs. 0.24 crore, as against Rs. 0.19 crore in the previous quarter. The company's Profit before tax (PBT) was reported at Rs. 0.13 crore, as against Rs. -0.17 crore in Q4 FY22. Additionally, its Net Profit stood at Rs. 0.10 crore, as against Rs. -0.18 crore, in the earlier quarter.

Stock split

When a company's board decides to increase its number of outstanding shares, it will announce a stock split. By this, the stock's share price will fall and it will be more affordable for new investors. A company can take this decision to attract new investors. Through a stock split, the market capitalization of a company will remain the same, but the number of shares will gain.

Disclaimer

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