Don't miss action in this multibagger SME stock that has announced bonus shares!

The stock gave multibagger returns of 1089.42 per cent in just 6 months.

Today on NSE, shares of M K Proteins Ltd surged 3.40 per cent to Rs 2248 per share from its previous closing of Rs 2174.  

M K Proteins Ltd recently told the exchange that it will issue bonus shares in the ratio 2:1 which means that shareholders will receive 2 bonus shares for each share held by the existing shareholder. The corporation verified that the record date for the issuance of bonus shares is Friday, February 03, 2023.   

M K Proteins Limited owns and operates an edible oil production plant. The company produces and refines rice bran, canola, soya bean and sunflower oil. M K Proteins serves customers in India. 

According to half-yearly and annual financial statements, the company reported positive numbers. In H1FY23, the company had net sales of Rs 142.71 crore and a net profit of Rs 4.94 crore. In FY22, the company had net sales of 255.89 crore and a net profit of Rs 10.19 crore. 

The company has a market cap of Rs 906.73 crore. The shares of the company have an ROE of 29.54 per cent with a 1-year CAGR of 1556 per cent respectively. The stock gave multibagger returns of 1089.42 per cent in just 6 months. Investors should keep an eye on this multibagger SME stock.