1:10 Stock Split, 4:1 Bonus Issue: Penny Stock Hits New High; Rs 1.65 Lakh Turned To Rs 8.80 Lakh In 10 Days

Back-to-back 52-week high has led penny stock Maagh Advertising and Marketing Services to give hefty returns to its investors. This media stock a few days ago turned ex-split in the ratio of 1:10 and ex-bonus for 4:1 issue. The company has already announced the allotment of bonus shares and stock split. The charm of these two corporate actions has multiplied investors' portfolios significantly in less than 10 days.

How Maagh Advertising and Marketing Services shares make investors rich in less than 10 days:

Maagh turned ex-bonus and ex-split on February 5, 2024.

So let's assume if an investor had 1000 shares of Maagh before February 5th. Your investment value will be at Rs 1,65,300 at the stock price which stood at Rs 165.30 on February 2nd. This was the last price before ex-split and ex-bonus.

But after ex-bonus, your 1000 shares will receive 4000 bonus shares (1000 X 4/1). This will total your equity shares to 5,000 (4,000 + 1,000) of Maagh Advertising.

Taking into consideration the stock split, your portfolio rises to a whopping 50,000. A 1:10 stock split would mean that 5,000 shares are multiplied by 10, which will lead to 50,000.

On February 14, the stock touched a new 52-week high of Rs 17.60 apiece. The stock continued to trade in the green.

At the current market price, your 50,000 shares are valued at Rs 8,80,000. That's Rs 7,14,610 returns in less than 10 days on the stock. Hence, Maagh makes you rich in a shorter duration thanks to the perks of stock split and bonus issues.

Maagh Advertising and Marketing Services Bonus Issue:

On February 6th, Maagh said that the board also 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 a post-sub division.

Maagh Advertising and Marketing Services Stock Split:

Also, last week, they 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 under Sub-division

Manage Advertising and Marketing Services is a data-driven advertising solutions company that helps businesses achieve their marketing goals. 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.

From its 52-week low of Rs 1.12 apiece, Maagh shares have given a mind-boggling 1,471.42% return. The upper and lower circuits of the stock are Rs 18.05 and Rs 16.35.

As per Trendlyne data, the company is debt-free, while it has zero promoter pledges. Stock Price rose 534.69% and outperformed its sector by 474.72% in the past year. The stock's weekly average delivery volume is 90.91%, and it is trading above 8 out of 8 SMAs, and above 6 out of 9 Oscillators in the bullish zone.

Disclaimer: The stock highlights stock splits and bonus issues, 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.