Heavy buying in this multibagger civil construction stock; Hit fresh 52-week high & Board is likely to announce bonus shares & stock split on June 22

The stock gave multibagger returns of over 150 per cent from its 52-week low of Rs 100.05 per share; 670 per cent in 3 years and a whopping 1,130 per cent in 5 years.

Today, shares of Maruti Infrastructure Ltd surged 18 per cent and made a fresh new 52-week high of Rs 254.70 per share from its previous closing of Rs 215.80. At the closing bell, shares of the company ended the trading session in green, up 2.04 per cent to Rs 220.20 with a spurt in volume by more than 7.40 times on BSE. 

Maruti Infrastructure Ltd informed you that a meeting of the Board of Directors of the company is scheduled to be held on Saturday, June 22, 2024, inter alia, to consider the following businesses:

1. To consider a proposal for an increase in the 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.

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Maruti Infrastructure Ltd, established in 1994, is a Gujarat-based company specializing in construction and real estate development. They focus on both Economically Weaker Section (EWS) housing projects and urban infrastructure projects within Ahmedabad. Their services include professional construction and property management for civil, residential, and commercial projects.

They hold memberships in various professional associations like GIHED (Gujarat Institute of Housing and Estate Developers) and have registrations with government bodies like R&B Division (Gujarat State) and Ahmedabad Municipal Corporation as approved A-Class contractors. Their portfolio includes diverse projects ranging from civil works for data centres and office buildings to bridge reconstructions and road constructions for both private and government clients.

The company had a market cap of Rs 275 crore. The stock gave multibagger returns of over 150 per cent from its 52-week low of Rs 100.05 per share; 670 per cent in 3 years and a whopping 1,130 per cent in 5 years. Investors should keep an eye on this micro-cap stock.

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