Don’t miss action in this multibagger stock that has announced bonus shares and stock split!

The stock gave multibagger returns of 105.48 per cent in just 6 months and in 1 year it returned over 944.13 per cent.   

On Friday, shares of IFL Enterprises Ltd surged 1.04 per cent to the day’s high of Rs 156.20 per share from its previous closing of Rs 154.50. At 03:30 pm, shares of the company ended the trading session in the red, down 0.52 per cent to Rs 153.80. The stock gave multibagger returns of 105.48 per cent in just 6 months and in 1 year it returned over 944.13 per cent.   

The Company, in its latest press release, has revealed that the company's Board of Directors announced and approved a stock split (sub-division of equity shares) of 1 equity share of face value of Rs 10 each into 10 equity shares of face value of Rs 1 each and issuance of bonus issue of equity shares in proportion of 1 equity share of Rs 01 each for every 4 equity shares of Rs 1 each, held by the shareholder of the company as on record date. In this respect, the record date shall be decided by the board and will be intimated to the exchange.  

IFL Enterprises Ltd (BSE Script Code: 540377) is in the business of trading in goods, such as fabric and related products, as well as shares and securities within the limits set by regulators such as the RBI or SEBI.  

In terms of finances, IFL Enterprises has a market capitalization of Rs 279.80 crore. In its Quarterly Results, the company reported astounding figures (Q3). In Q3FY23, the net profit was Rs 0.15 crore, compared to a net loss of Rs 2.36 crore in the same quarter last year (Q3FY22).  

The 52-week high for the stock is Rs 183.90 and the 52-week low is Rs 13.50. This multibagger Small-Cap stock should be monitored by investors.