9,000 per cent returns: This multibagger micro-cap stock to trade ex-bonus and ex-split tomorrow; hits upper circuit & 52-week high!
The stock delivered multibagger returns of 187 per cent in 1 year, 1300 per cent in 3 years, and a whopping 9000 per cent in a decade.
On Tuesday, one of the gainers on BSE, shares of Maan Aluminium Ltd gained 5 per cent upper circuit to Rs 370.90 per share from its previous closing of Rs 353.25. The stock also made a fresh new 52-week high of Rs 370.90 per share with a spurt in volume by more than 3.40 times on BSE.
Maan Aluminium Ltd, engaged in the business of manufacturing & trading aluminium profiles, announced that the meeting of the Board of Directors of the Company has approved bonus shares in the ratio 1:1 and stock split from Rs 10 to Rs 5 for its equity shareholders as of record date. The company verified the record date for bonus shares and stock split as Thursday, July 27, 2023.
Maan Aluminium Ltd has a market cap of Rs 505 crore and has delivered good profit growth of 50.8 per cent CAGR over the last 5 years. The company reported excellent numbers in its Quarterly Results (Q4FY23) and annual results (FY23).
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The net sales increased by 103.78 per cent and net profit increased by 77 per cent in Q4FY23 over Q4FY22. The net sales increased by 42.21 per cent and the net profit skyrocketed by 127.34 per cent in FY23 over FY22. The stock has a PE of 10.04x and a ROE of 47.81 per cent.
The stock delivered multibagger returns of 187 per cent in 1 year, 1300 per cent in 3 years, and a whopping 9000 per cent in a decade. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.