2:1 Stock Split: Small Cap Stock Sets Record Dates; Shares Rally 160% in 5Y, Should You Buy?

Mangalam Global Enterprise (MGEL), a small-cap stock, has announced a stock split in a 2:1 ratio, making it one of the buzzing stocks in the market. MGEL share price is currently under Rs. 30. The stock split means that for every one share held, investors will now receive two shares, effectively reducing the per-share price while maintaining overall investment value.

MGEL Stock Split Record Date Announced

MGEL has officially announced the record date for its upcoming 2:1 stock split. The company informed the stock exchanges about the record date. As per the official exchange filing, the record date for the stock split has been set for March 4, 2025.

"To determine the eligibility of members for the purpose of a subdivision/split of every 1 (one) equity share at a face value of Rs. 2/- each into 2 (two) equity shares of Rs. 1/- each, " the company said in a corporate filing.
The company underwent a stock split in August 2022. Additionally, the firm announced one dividend in 2023, and rights in a 1:7 ratio were issued in May 2024.

MGEL Share Price Performance

As of today, the MGEL share price remained a hot topic in stock market news. At the end of Wednesday's trade, MGEL shares closed at Rs. 25, gaining 3%. However, in the last 30 days, the stock has depreciated about 13%, and year to date, the shares have fallen more than 10%.
MGEL shares in the past 12 months gained 12% and 160% in five years when the stock was listed on the exchanges.

About MGEL

Mangalam Global Enterprise Ltd. (MGEL) is a small-cap company operating in the commodity trading and manufacturing sector. With a market capitalization (Mcap) of ₹421.17 crore, MGEL works in edible oil processing, castor oil derivatives, and agro-based commodities. The company is also involved in the procurement, processing, and distribution of high-quality agricultural and industrial products, catering to both domestic and international markets. Founded in 1942, MGEL has a presence in commodity exports, and it serves industries such as pharmaceuticals, lubricants, cosmetics, and food processing.