1:4 Bonus Share, 1:10 Stock Split: Penny Stock Hits Upper Circuit, Up 405% In 6-Months

Small cap company from the advertising & media agencies industry, Maagh Advertising and Marketing Services Ltd shares today hit 5% upper circuit. Maagh Advertising shares are trading ex-bonus and ex-split today as the company fixed February 5, 2024 record date. Maagh Advertising and Marketing Services approved 1:4 bonus share and 1:10 stock split on December 20, 2023. Maagh Advertising stock offered shareholders attractive return of 405% in last 6-months span only. The company has a market capitalisation of Rs 311.64 crore. Current market price of Maagh Advertising shares on BSE is Rs 13.85 per share. Check details below:

What Are Bonus Shares And Why Are They Issued? These are additional shares given to the existing shareholders without any extra cost, on the basis of the number of shares that a shareholder holds. Bonus shares are company's accumulated earnings which are not given out in the form of dividends, but are converted into bonus shares of free shares.

What Is Stock Split? When a company announces stock split, it leads to increased number of shares of that company with the market cap remaining same. The current shares split with the underlying value remaining similar. When the number of shares rise, the price per share declines. The companies go for stock split to make the share more affordable for investors who may find it difficult to buy the shares of that company due to high prices.

Maagh Advertising Trades Ex-Bonus In 1:4 Ratio: As per the BSE filing of the company issued on December 20, 2023, "Board approved the issue of Bonus Shares in the ratio of 1 (One) fully paid-up equity shares for every 4 (Four) existing fully paid-up equity share held by the Members as on the record date."

Maagh Advertising Trades Ex-Split In 1:10 Ratio: As per the regulatory filing of the company dated December 20, "Approved the proposal of sub- division of 1,80,01,000 Equity shares of the Company from Rs. 10/- each (Ten) to 18,00,10,000 Equity Shares of Re. 1/- each (Rupees One Only) as Face Value, subject to the Shareholders approval and recommended the same for Shareholders approval in ensuing Extra- Ordinary General Meeting."

Maagh Advertising Stock Performance & Return: Current market price of Maagh Advertising share on BSE is Rs 13.85 apiece with intraday gain of 4.92%. Maagh Advertising shares hit upper circuit in trade on February 5. Maagh Advertising stock offered return of 44% in last 1-month only, surged 227% in last 3-months, rallied 405% in last 6-months, and offered return of 621% in last 1-year.

Maagh Advertising About: Maagh Advertising and Marketing Services Private Limited functions as an advertising agency. It creates and executes advertising campaigns across several media that assist business and brands grow. It provides designing, media, and printing services. The company operates in Advertising & Media Agencies industry.

Disclaimer:

The stock just highlights the bonus issue and stock split 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.