Multibagger Mid Cap Stock To Consider Bonus Issue, Stock Split: 1-Year Return 78%

Maharashtra Seamless Ltd is set to consider bonus issue and stock split. The company has a market capitalisation of Rs 5,803.17. The stock has given multibagger return to investors with a return of 145% in 3 years. Check key takeaways pertaining to stock split and bonus issue:

1. Maharashtra Seamless To Consider Bonus Issue And Stock Split

The board of directors of Maharashtra Seamless Ltd in the exchange filing stated, "Pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and other relevant provisions, we have to inform that the Board of Directors at its meeting scheduled to be held on Monday, 17th October, 2022 will also discuss and consider inter-alia, a) Issue of Bonus Shares b) Sub division/Split of the Company's existing equity shares of Rs. 5/- each."

2. Maharashtra Seamless Stock Outlook

The current market price of the stock is Rs 868 apiece with an intraday decline of 0.28%. The stock's 52-week high is Rs 910 apiece and 52-week low 448 apiece. Currently, the stock is trading at a discount of 5% from its 52-week high level.

3. Maharashtra Seamless 5-Years Return

The stock has given multibagger returns with 5-years return at 89%, 3-years return at 45%, and 1-year return at 78%. The shares have jumped 31% in 3 months.

4. Maharashtra Seamless Latest Quarterly Result

The company has announced a consolidated total income of Rs 1352 crore, down 6% from last quarter total income of Rs 1443. The company's net profit after tax was declared at 159 crore in the last quarter.

5. Maharashtra Seamless About

Maharashtra Seamless Limited (MSL), incorporated on 10th May 1988, is the flagship company of the well-diversified DP Jindal Group. The Company is engaged in the manufacture of seamless pipes (various capacities), which find application in oil exploration, boilers, pipelines, petrochemicals etc.