Multibagger stock below Rs 200: Board is likely to announce bonus shares and stock split soon!

The stock gave multibagger returns of 135.43 per cent in just 6 months and in 1 year it returned over 913 per cent.   

On Friday, shares of IFL Enterprises Ltd surged 2.64 per cent to the day’s high of Rs 153.50 per share from its previous closing of Rs 149.55. The stock gave multibagger returns of 135.43 per cent in just 6 months and in 1 year it returned over 913 per cent.   

The Company, in its latest press release, has revealed that the company's Board of Directors meeting will be held on Thursday, March 09, 2023, to consider the following proposals: a) Consider the proposal for sub-division of the equity shares of the company having a face value of Rs 10 each. b) The issue of fully paid-up bonus equity shares to the members of the company. c) Alteration of the authorised share capital clause of the company.   

IFL Enterprises Company is involved in the business of trading in goods e.g., fabric and related products as well as shares and securities within permissible limits prescribed by the regulators such as RBI or SEBI.  

Talking about the financials, IFL Enterprises has a market cap of Rs 275.43 crore. The company reported amazing numbers in its Quarterly Results (Q3). The net profit recorded was Rs 0.15 crore in Q3FY23 compared to a net loss of Rs 2.36 crore in the same quarter last year (Q3FY22).  

The stock has a 52-week high of Rs 183.90 and a 52-week low of Rs 13.50. Investors should keep an eye on this multibagger Small-Cap stock.