1,400 per cent returns: Board announced bonus shares; Promoter increase stake!

Shares of this company have gained more than 50 per cent in the last six months.

M K Exim (India) Limited has announced a bonus issue of equity shares. The Board of Directors of the Company, at their meeting on December 2, 2023, proposed the issuance of bonus shares in the ratio of 1:2. This means that for every two existing equity shares held by a shareholder as of the record date, they will receive one additional bonus share.

The company posted robust results in Q2FY24. The revenue of the company stood at Rs 26.54 crore which grew by 3.08 per cent YoY. The operating profit of the company stood at Rs 5.77 crore, while the PAT of the company stood at Rs 4.14 crore, representing a decline of 0.53 per cent YoY.

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Shares of M K Exim (India) Limited have also delivered multibagger returns to their shareholders in the last three years. During this period, the company’s share price jumped from Rs 8.00 on December 11, 2020, to Rs 120.30 on December 06, 2023, an increase of about 1400 per cent in a three-year holding period. While in the last six months, the stock has gained over 50 per cent.

M.K. Exim (India) Ltd is engaged in the business of manufacturing textiles and fabric. It has also ventured into the distribution of cosmetic products. The company is also in the business activities of Jewellery, Blankets and sleeping Mats, Finish Fabric and Dress Materials. The promoter of the company has also increased its stake in the company.

The stock has shown tremendous growth and investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.