795 per cent multibagger returns in this micro-cap stock; Board likely to announce bonus shares & stock split!

The stock is up by 140 per cent in just 1 month and a whopping 320 per cent in 3 months.

Maagh Advertising and Marketing Services Ltd announced that a Meeting of the Board of Directors of the company is scheduled to be held on Wednesday, December 20, 2023, at the registered office of the company at Andheri West, Mumbai, Maharashtra to inter alia discuss and approve the following matters:

1. To consider and approve the stock split of the face value of equity shares of the company subject to the shareholders’ and regulatory approval as required under the applicable Acts and Regulations on the company.
2. To consider and approve the proposal for issuance of bonus shares subject to approval by the shareholders of the company.
3. The trading window for trading in the company’s equity shares has been closed from December 4, 2023, till the expiry of forty-eight (48) hours after the announcement/declaration of the outcome of this meeting.

Incorporated in 2013, Maagh Advertising and Marketing Services Limited is an advertising agency primarily offering creative and media services. The company offers a complete range of designing, media, and printing services. The company has a market cap of Rs 214.34 crore and reported amazing numbers in its half-yearly results and annual results.

On Monday, shares of the company hit a 5 per cent upper circuit to Rs 125.02 per share from its previous closing of Rs 119.07. The stock also made a new 52-week high of Rs 125.02 per share. In the recent trading sessions, the stock has been hitting back-to-back upper circuits & 52-week highs.

The stock is up by 140 per cent in just 1 month and a whopping 320 per cent in 3 months. From Rs 13.98 per share (52-week low) to Rs 119.70 per share (52-week high), the stock gave multibagger returns of 795 per cent returns.

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