45 per cent from its 52-week low; Board is likely to announce bonus shares as the company reaches the milestone of Rs 10,000 crore AUM!

The stock is up by 45 per cent from its 52-week low of Rs 680 per share.

Today, one of the gainers on BSE, shares of MAS Financial Services Ltd gained 1.50 per cent to Rs 961.20 per share with an intraday high of Rs 992.05 and an intraday low of Rs 940.20. The stock also made a fresh new 52-week high of Rs 992.05 per share and saw a spurt in volume by more than 3.81 times on BSE.

MAS Financial Services Ltd informed that the Board of Directors of the company is scheduled to be held on Wednesday, January 17, 2024 inter alia to consider the following agenda:

As the company reached the milestone of Rs 10,000 crore Assets under Management (AUM), in order to reward the shareholders for their loyalty and investment in the company, to consider and recommend a proposal for the declaration of bonus shares to the equity shareholders of the company, subject to the approval of shareholders.

MAS Financial Services Limited is a non-deposit-taking NBFC registered with the RBI. It is engaged in offering retail financing products for MSMEs, home loans, two-wheeler loans, used car loans and commercial vehicle loans. The company has a market cap of Rs 5,254 crore and reported positive numbers in its Quarterly Results (Q3FY24) and annual results (FY23).

According to the shareholding pattern, the promoters own 73.72 per cent stake, FIIs own 1.63 per cent, DIIs own 8.43 per cent and the rest 16.21 per cent is owned by the public. The stock is up by 45 per cent from its 52-week low of Rs 680 per share. Investors should keep an eye on this Small-Cap NBFC stock under the radar.

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