5:1 Stock Split to Be Announced by This Multibagger Company; Stock Rallied and Hits Upper Circuit Today
The company’s shares have delivered an impressive return of over 130 per cent in just 1 year only.
Incorporated in 1985, Master Trust Ltd is engaged in lending, as well as the sale and purchase of securities and land.
The Board of Directors of the Company has scheduled a meeting for Wednesday, August 7, 2024, at 4:00 P.M. at the Company’s registered office in Ludhiana. The agenda includes:
- Considering the proposal to subdivide/split the existing equity shares of the Company from 1 (one) equity share with a face value of Rs. 5 each, fully paid-up, into 5 (five) equity shares with a face value of Rs. 1 each, fully paid-up, subject to shareholder approval.
- Reviewing, approving, and taking on record the unaudited financial results (both standalone and consolidated) for the quarter ended June 30, 2024.
- Any other matters that the Board may decide during the meeting.
At the start of the day's trading session, the stock opened at Rs 740.35 per share, compared to the previous day's closing figure of Rs 736.35 per share on the BSE. Finally, the shares closed at Rs 772.90 per share on the BSE. The stock has reached the upper circuit price limit of 5 per cent, reflecting strong demand in the market with no sellers willing to offer shares, resulting in potential buyers being unable to make purchases, leading to disappointment among buyers. The company's current market capitalization stands at Rs 1681.30 crore, and the stock has generated an impressive multibagger return of over 130 per cent in the past 1 year.
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As per the Quarterly Results, in the fourth quarter of FY24, Master Trust Ltd recorded a revenue of Rs 164 crore. The operating profit for Q4 FY24 stood at Rs 69 crore. The net profit for Q4 FY24 was Rs 38 crore. Looking at the annual performance, the company generated a revenue of Rs 500 crore in FY24, compared to Rs 339 crore in FY23. The operating profit for FY24 was Rs 204 crore, with a net profit of Rs 108 crore.
Regarding the shareholding pattern, the promoters own 73.77 per cent of the company and the public or retail investors hold 26.23 per cent.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.