Don’t miss action in this multibagger stock that has announced bonus shares and stock split!

This stock gave multibagger returns of 729.05 per cent in just 1 year whereas BSE Small-cap Index is down by 6.07 per cent.   

On Friday, shares of IFL Enterprises Ltd surged 6.84 per cent to the day’s high of Rs 164.10 per share from its previous closing of Rs 153.60. At 03:30 pm, shares of the company ended the trading session in the green, up 4.98 per cent to Rs 161.25. The stock gave multibagger returns of 729.05 per cent in just 1 year whereas BSE Small-Cap Index is down by 6.07 per cent.   

The Company, in its latest press release, has revealed that the company's Board of Directors announced and approved a stock split (sub-division of equity shares) of 1 equity share of the face value of Rs 10 each into 10 equity shares of the face value of Rs 1 each and issuance of bonus issue of equity shares in proportion of 1 equity share of Rs 01 each for every 4 equity shares of Rs 1 each held by the shareholder of the company as on record date. The company verified the record date as Friday, April 21, 2023.   

IFL Enterprises Ltd (BSE Script Code: 540377) trades in goods, such as fabric and related products, as well as shares and securities within the limits set by regulators such as the RBI or SEBI.  

In terms of finances, IFL Enterprises has a market cap of Rs 293.35 crore. In its Quarterly Results, the company reported astounding figures (Q3). In Q3FY23, the net profit was Rs 0.15 crore, compared to a net loss of Rs 2.36 crore in the same quarter last year (Q3FY22).  

The 52-week high for the stock is Rs 187.20 and the 52-week low is Rs 17.20. This services company stock should be monitored by investors.