1:5 Stock Split Gets Nod: Real Estate Stock Zooms 123% In 1-Month

Board of Real Estate sector stock, Maxheights Infrastructure Ltd has given nod to 1:5 stock split that implies 1 equity share of Rs 10 face value will be split into 5 equity shares of Rs 2 each. The small cap company has a market capitalisation of Rs 54 crore. The stock zoomed 4.8% intraday soon after the announcement of stock split. Check key takeaways below:

1. Maxheights Infrastructure Approves Stock Split

The board of directors of the company said in the BSE filing today, "To consider Sub-division/Split of equity shares of the Company from existing 1(one) equity share to face value of Rs. 10/-(Rupees Ten Only) each fully paid up into 5(Five) equity shares of Rs. 2/- (Rupees Two Only) each fully paid up, as per Section 61(1)(d) of the Companies Act, 2013 read with the rules made thereunder subject to the approval of members of the Company and other authorities, If any required."

2. Maxheights Infrastructure Stock Performance

The stock zoomed 4.8% intraday to end the day at Rs 35 apiece. The 52-week high of the stock is Rs 35 apiece and 52-week low is Rs 11 apiece, respectively.

3. Maxheights Infrastructure Returns

The stock has given multibagger returns to investors with last 1-month return at 123%, 3-months return at 97%, 1-Year return at 159%, and 3-years return at 195%. The stock fell 36% in the last 5-years.

4. Maxheights Infrastructure About

Maxheights Infrastructure Ltd. is one of the leading infrastructure companies in Delhi & NCR since 1981. The Group has decided to undertake future projects/joint venture under the flagship brand Maxheights.

The company will focus on turnkey BOT projects too as asset light model is going to be the future aspect where resources can be put to optimal use apart from developing the entire land on its own, according to its official website.

Disclaimer

The stock gives details related to stock split. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.