1:5 Stock Split: Multibagger NBFC Fixes Oct 30 As Record Date, Buy Recommended; TP Rs 956

Small cap company engaged in NBFC sector, Master Trust Ltd fixed October 30, 2024 as the record date for 1:5 stock split, implying one share will be split into 5 new shares. Current market price of Master Trust shares on BSE is Rs 856.10 per share. Master Trust Ltd shares offered attractive returns of 151% in last 1-year and slipped over 4% in last 2-weeks. The company has a market capitalisation of Rs 1889.04 crore. Board of Directors of the company had on August 7 considered and approved stock split in the ratio of 1:5. Meanwhile, analyst AR Ramachandran is upbeat on the stock and recommended buy call. Check key details below:

Master Trust Sets Record Date For Stock Split: As per the exchange filing of Master Trust dated October 10, 2024, "It is hereby inform that the Meeting of Board of Directors was held on 07.08.2024 and Annual General Meeting was held on 30.09.2024 in matter of Sub-division/Split of equity shares of the Company. In this regard, pursuant to Regulation 42 and other applicable regulation/provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended, this is to inform you that the Board of Directors of the Company at its meeting held today i.e. 10" October, 2024 has inter-alia, considered and fixed the Record date for Sub-division/Split of equity shares of the Company on Wednesday, 30" October, 2024."

Buy Master Trust Shares: According to A R Ramachandran, Independent SEBI Research Analyst, "Master Trust stock price is bullish on the Daily charts with strong support at 761. A Daily close above resistance of 879 could lead to a target of 956 in the near term."

Master Trust Shares Performance: The 52-week high price of Master Trust shares on BSE stood at Rs 1035 per share (as on 04/09/2024) and 52-week low price is Rs 300.00 per share (as on 26/10/2023), respectively. Master Trust Ltd shares offered eye-catching returns to the shareholders. However, in last 1-month, Master Trust shares slipped 5% but gave stellar returns of 603% in last 2-years only. The stock offered surge of 597 in last 3-years and rose 4096% in last 5-years.

Master Trust About: It is a discount brokerage company part of the Master Capital Services Ltd. It came into existence in 1985. Master Capital Services Ltd (part of Master Trust Group) is a leading financial services company in India.

Master Trust Group made its foray in discount brokerage business in Aug 2014. Master Trust provides both flat fees per trade and standard trading plan.

Disclaimer: The stock highlights the 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.