Stock Split Of Dec 2022: After Giving Over 800% Return In 12 Months, Stock Ready For Stock Split

Mefcom Capital Markets Ltd is a small cap company with a market capitalisation of Rs 145 crore. The company held a meeting on November 5, 202 and fixed record date for the purpose of determining the eligibility of shareholders for the purpose of sub-division/split of each existing equity share. Check key takeaways below:

1. Mefcom Capital Markets Ltd Sets Record Date For Stock Split

The board of directors of the company in its regulatory filing said, "In terms of Regulations 42(2) of the SEBI Listing Regulations, Friday, 2nd December, 2022 has been fixed as the 'Record Date' for the purpose of determining the eligibility of Shareholders for the purpose of sub-division/split of each existing equity share of face value of Rs. 10/-(Rupees Ten only) into Five (5) equity shares of face value of Rs. 2/-(Rupee Two only) fully paid-up as approved by the shareholders at the Extra-Ordinary General Meeting of the Company held on 4th November, 2022.

The record date for the upcoming stock split is December 2, 2022.

2. Mefcom Capital Markets Ltd Stock Outlook

The current market price of Mefcom is Rs 158 apiece with 52-week high at Rs 158 apiece and 52-week low at Rs 16 apiece, respectively. The stock gained 4.99% intraday. The stock hit its new 52-week high today.

3. Mefcom Capital Markets Return

The stock has given multibagger returns with 5-years return at 620%, 1-year return at 892%, 144% in 3months, and 79% in just 1 month. In the last 1-week also the stock gained 28%.

4. Mefcom Capital Markets About

Mefcom provides Investment & Financial services in the field of investment banking, corporate advisory, mergers & acquisitions, brokerage & trading in equities, derivatives and commodities, besides jobbing, arbitrage and rendering of research-based portfolio advisory services for clients holding portfolio of Rs. 10 lacs and above.

Established In 1985 by Mr. Vijay Mehta, MEFCOM today enjoys a strong brand-equity in the world of financial services in India, according to its official website.

Disclaimer

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