2 Stocks With Multibagger Returns Up To 3400% Announce Stock Split, Bonus Share

Two stocks with multibagger returns have announced bonus share and stock split. Maharashtra Seamless Ltd has recommended a bonus share issue in the ratio of 1:1 on Monday while Confidence Futuristic Energetech Ltd will carry out stock split and set record date for the same.

Check key takeaways below pertaining to bonus issue and stock split, among others:

1. Maharashtra Seamless Ltd Announces Bonus Issue

The board of directors of Maharashtra Seamless have recommended bonus share issue in the ratio of 1:1. The company in its regulatory filing said, "Recommended Issue of Bonus Shares in the ratio of 1 (one) Bonus Equity Share against 1 (one) existing Equity Share, subject to approval of shareholders of the Company. The Record Date will be intimated in due course."

2. Maharashtra Seamless Ltd Stock Outlook, Market Capitalisation, and 5 Years Return

The current market price of Maharashtra Seamless is Rs 823 apiece with an intraday gain of 1.47%. The 52-week high of the stock is Rs 910 apiece and 52-week low is Rs 448 apiece, respectively. The company has a market capitalisation of Rs 5,517.42 crore.

In the last 5 years, the stock has given returns of 78%, 128% in last 3-years, and 60% in last 1 year. The stock has gained 15% in last 3 months.

The mid-cap company came into existence in 1988 and operates in Metals-Ferrous sector. It has emerged as India's leading manufacturer of ERW and Seamless pipes and Tubes

3. Confidence Futuristic Energetech Approves Stock Split

The board of directors of Confidence Futuristic will carry out stock split and fixed the record date for the same.

The company said in its exchange filing, "This is to inform The Exchange that the Board of Directors of the Company at their meeting held today i.e. on the 16th October 2022 has approved and fixed Thursday, 03rd November, 2022 as Record date for Sub-division/Stock Split of Shares of the company. Further this is with reference to the board meeting held on 07th September, 2022 and Annual General Meeting held on 30th September, 2022 for Sub-division/Stock Split of Shares of the company, The Equity shares of the company will be sub divided from Rs. 10 each to Rs. 5 each."

4. Confidence Futuristic Energetech Stock Outlook, Market Capitalisation, and 5 Years Return

The current market price of Confidence Futuristic is Rs 440 apiece with an intraday gain of 4.99 apiece. The stock has hit multiple upper circuits and recently it hit a 5% upper circuit on Monday. The company has a market capitalisation of Rs 551 crore as of writing the report.

The stock has given a return of 3426% in last 5 years, 835 in just 1 year, and 98% in 1 month. The small cap company was incorporated in 1985 and operates in Trading sector.

The company is engaged in the parallel liquefied petroleum gas (LPG) market.

Disclaimer

The above stocks have declared bonus issue and stock split. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article.