2,000 per cent returns in this multibagger stock; Board likely to announce bonus shares and dividend!

The stock is up by 61 per cent in just 1 year and a whopping 2,000 per cent over the past 3 years.

Madhya Bharat Agro Products Ltd (MBAPL) informed that a meeting of the Board of Directors of our company is scheduled to be held at 10.30 P.M. on Tuesday, August 29, 2023, at Registered Office to consider, inter-alia, and approve the following: -

1. To confirm and approve the minutes of the last meeting.
2. To fix the date of the AGM and approve the draft notice convening the AGM.
3. To fix the book closure dates and record dates for the payment of the final dividend.
4. To authorize to file forms and reports to the Registrar of Companies.
5. To appoint a director in place of Mr Mahendra Kumar Ostwal and re-appoint Mr Praveen Ostwal as Managing Director.
6. To consider and approve an increase in authorized share capital.
7. To consider the proposal to issue bonus shares to the equity shareholders.
8. To consider and approve related party transactions.
9. Any other matters with the consent of the chairman.

Madhya Bharat Agro Products Ltd, part of Ostwal Group, is engaged in the business of manufacturing fertiliser and chemical products. The company has a market cap of over Rs 2,700 crore with a 5-year stock price CAGR of 95 per cent. The company reported positive numbers in its Quarterly Results and annual results.

On Friday, the shares of MBAPL surged 6.45 per cent to Rs 634.10 per share with an intraday high of Rs 647.95 and an intraday low of Rs 597.85. The shares of the company have an ROE of 46.5 per cent and a ROCE of 37.8 per cent.

The stock is up by 61 per cent in just 1 year and a whopping 2,000 per cent over the past 3 years. Investors should keep an eye on this micro-cap stock.

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