This Small-Cap Stock Surge As Board To Consider Bonus Issue Next Week

Shares of MPS rose for the second consecutive day after the company on Tuesday announced its board of directors would meet next week on Wednesday, October 27, 2021, to discuss the proposal to issue a bonus share issue.

MPS is a renowned global provider of digital world platforms and content solutions. MPS has offices in North America, Europe, Canada, the United Arab Emirates, and India.

"You are hereby notified that a meeting of the Company's Board of Directors will be conducted on Wednesday, October 27, 2021, to discuss, among other things: 1. Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ended September 30, 2021." 2. Proposal for a buyback of the company's equity shares," MPS said in an exchange filing today.

So far in 2021 (year-to-date or YTD), MPS shares have risen roughly 90.45 percent. In a year, the stock has increased by approximately 86.60%.

MPS Ltd., founded in 1970, is a Small Cap business in the Media & Entertainment industry with a market capitalization of Rs 1,304.22 crore. Since the last five years, the company has had no debt. Annual sales growth of 22.98 percent surpassed the company's three-year CAGR of 14.09 percent. The stock returned 39.21 percent over three years, compared to 94.85 percent for the Nifty Smallcap 100.