Multibagger in just 1 month; Board of this micro-cap company announced stock split!
The stock gave multibagger returns of 191.13 per cent in just 1 month whereas BSE Sensex Index is up by 1.70 per cent.
On Wednesday, one of the Top Gainers on BSE, shares of Mena Mani Industries Limited jumped 5 per cent upper circuit to Rs 45.97 per share. The stock also traded at a new 52-week high of Rs 45.97 per share. The stock is hitting back-to-back upper circuits and 52-week highs in the recent trading sessions.
Mena Mani Industries Limited announced The Board of Directors of the company at its Meeting held on June 12, 2023 have approved the split/sub-division of 1 equity share of the company having a face value of Rs 10 each into 10 equity shares of the company having face value of Rs 1 each by altering the capital clause (Clause V) of the Memorandum of Association (MoU) of the Company as below:
The authorized share capital of the company is Rs 16.50 crore, divided into 16.50 crore equity shares of Rs 1 each.
DSIJ offers a service 'Micro Marvel' with recommendations for micro-cap stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the service details pdf here
Mena Mani Industries Ltd is in the business of trading biofuel and also carries out construction and other information technology activities. The firm has a market cap of Rs 46.13 crore with a 5-year CAGR of 23 per cent. The company reported positive numbers in its Quarterly Results and annual results.
The stock gave multibagger returns of 191.13 per cent in just 1 month whereas BSE Sensex Index is up by 1.70 per cent. Investors should keep an eye on this micro-cap stock.