2:1 Bonus Issue, 1:2 Stock Split: Small Cap NBFC Stock Soars 112% In 3-Months

Small cap stock operating in NBFC sector, Mufin Green Finance Ltd shares witnessed a rally of 2.19% on BSE. Current market price of Mufin Green Finance Ltd stock on BSE is Rs 116.35 per share. Mufin Green has a market capitalisation of Rs 1760.60 crore.

Earlier this year on April 13, 2023 Mufin Green Finance shares traded ex-split in the ratio of 1:2. Board of Mufin Green Finance fixed April 15, 2023 as the record date for sub-division/split of equity shares. It also declared 2:1 bonus shares and traded ex-bonus on July 7, 2023. Check details below:

Mufin Green Finance Stock Performance & Return: Current market price of Mufin Green Finance is Rs 116.60 apiece with intraday gain of 2.19%. Its 52-week high price at Rs 136.60 apiece and 52-week low price is Rs 34.19 apiece, respectively. Mufin Green shares gained 164% in last 6-months, soared 200% YTD, and surged 189% in last 1-year. In last 2-years, Mufin Green shares jumped 1394% and rose 4202% in last 5-years.

Mufin Green Financials: The company declared its standalone net profit for the quarter ended September 2023 at Rs 4 crore as against the net profit of Rs 2.02 crore declared in the corresponding quarter of last fiscal. Its total revenue soared to Rs 21.13 crore for the September quarter from Rs 6.59 crore declared in the similar quarter of last years. The company's expenses declared at Rs 15.76 crore.

Mufin Green's Bonus Issue: Mufin Green Finance gave 1 bonus since July 7, 2023. The last Bonus that Mufin Green Finance declared was in the ratio 2:1 with ex-date of July 7, 2023, according to Trendlyne.

Mufin Green's Stock Split: According to the BSE filing of the company, "Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company has passed the necessary Resolution through Circulation on March 29, 2023, inter-alia, approved and fixed the "Record Date" on Saturday, April 15, 2023 for the purpose of ascertaining the name of shareholders entitled for Sub-division/Split of every 1 (one) Equity Share of the Company having face value of Rs. 2/- (Rupees Two) each fully paid up into 2 (two) Equity Shares of face value of Rs. 1/- (Rupees One) each."

Mufin Green Finance About: Mufin Green Finance is a pioneer in climate financing solutions in India. It is contributing to the EV ecosystem of the country by providing loans for income generation through Electric Vehicles, Electric Charging Infrastructure, and Swappable Batteries. It has disbursed more than INR 300 crores till date towards electric vehicles. This has not only impacted the carbon footprint, but has also resulted in financial inclusivity, more income generation, and women empowerment, according to its official website.

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