Multibagger Real Estate Stock Jumps 16.53% On Stock Split, Bonus Share Proposal

Small cap stock operating in real estate sector, Maruti Infrastructure Ltd share today jumped 16.53% soon after it informed via its BSE filing about the proposal to consider stock split/sub-division of shares and bonus share. Last trading price of Maruti Infrastructure share on BSE is Rs 186.45 per share. The company will hold its meeting of Board of Directors on June 22, 2024 to consider bonus issue, stock split, and consider increase in authorized share capital.

Maruti Infrastructure share witnessed jump of 10.33% in last 1-week and soared 921% in last 5-years. This will become the maiden stock split and bonus share of the company, if both get approved on June 22, 2024. More details below:

Maruti Infrastructure To Consider Stock Split & Bonus Share On June 22: According to the BSE filing of the company dated June 5, 2024, "a meeting of Board of Directors of the Company is scheduled to be held on Saturday 22nd June, 2024, inter alia, to consider the following businesses:
1. To consider a proposal for Increase in Authorized Share Capital of the Company and subsequent alteration to the Memorandum of Association of the Company.
2. To consider the sub-division/ split of equity shares of the Company.
3. To recommend the proposal for issuance of Bonus shares
4. Other businesses."

Maruti Infrastructure Share Performance: The 52-week high price of Maruti Infrastructure share on BSE is Rs 199.00 per share 23/01/2024) and 52-week low price is Rs 99.00 per share (as on 06/06/2023). Maruti Infrastructure has a market capitalisation of Rs 233.06 crore. Maruti Infrastructure share offered return of 18% year-to-date, soared 80% in last 1-year, gained 223% in last 2-years, and surged 537% in last 3-years.

Maruti Infrastructure Q4: The company for the quarter ended March 2024 declared its net loss at Rs 0.92 crore as compared to the net profit of Rs 0.78 crore for the corresponding quarter of last year. The company's sales fell 10.94% to Rs 11.97 crore for the quarter ended March 2024 as against Rs 13.44 crore declared in the similar quarter of last year. For the whole year, the net profit however zoomed 27.19% to Rs 1.45 crore for the year ended March 2024 as against Rs 1.14 crore declared in the previous year ended March 2023. Sales surged 9.15% to Rs 38.40 crore for the year ended March 2024 as compared to Rs 35.18 crore during the previous year ended March 2023.

Disclaimer: The stock highlights the bonus share, stock split and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.