2:1 Bonus Shares, 1:2 Stock Split: NBFC Stock, With Strong Technical, Rises 403% In 6-Months

Small cap NBFC sector company Mufin Green Finance shares witnessed gain of 4.98% in trade today and hit upper circuit as well. Current market price of Mufin Green Finance shares on BSE is Rs 224.35 apiece. Mufin Green Finance shares witnessed sharp rally of over 403% in last 6-months period.

The company has a market capitalisation of Rs 3387.58 crore. The stock is technically strong. It has already awarded 2:1 bonus share and split face value of its share in the ratio of 1:2 stock in 2023. Check details below:

Mufin Green Finance Technicals: Mufin Green Finance score is 73.91, implying the stock is technically strong. Stocks with score above 70 are considered as technically strong. RSI is 45.7, RSI below 30 is considered oversold and above 70 overbought. MFI is 23.1, MFI below 30 is considered oversold. This implies that stock may rebound, according to Trendlyne.

Mufin Green Finance Approves Conversion Of 8.75 Lakh Warrant: Mufin Green Finance earlier on Feb 19, 2024 considered and approved the conversion of 8,75,000 warrants into 8,75,000 equity shares of face value of Re 1/- each on preferential basis.

Mufin Green Finance Shares Performance & Return: The 52-week high price of Mufin Green Finance shares on BSE is Rs 273.10 and 52-week low price is Rs 34.19 apiece, respectively. Mufin Green Finance shares gained 100% in last 3-months, soared 403% in last 6-months, rallied 478% in last 1-year, and surged 2417% % in last 2-years. In last 3-years, Mufin Green Finance shares rallied rose 5788%.

Mufin Green Finance Financials: The company for the quarter ended December 2023 declared its standalone total revenue from operations at Rs 27.17 crore, up 155.12% as against Rs 10.65 crore reported in the corresponding quarter of last year. Mufin declared total income for the December 2023 quarter at Rs 27.21 crore, up 154.78% from Rs 10.68 crore declared in December 2022 quarter. Its net profit zoomed to Rs 4.55 crore, up 98.69% for December 2023 quarter as against Rs 2.29 crore reported in the similar quarter of preceding fiscal. Meanwhile, its EPS declared at Re 0.30 for December 2023 quarter from Re 0.15 in December 2022.

Mufin Green's Bonus Issue In 2023: 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 In 2023: As per 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."

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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