Rs 10,000 crore AUM & 50 per cent from its 52-week low; Board announced bonus shares after Rs 3/share dividend!
The stock’s 52-week high of Rs 1,066 & its 52-week low of Rs 680 and saw a spurt in volume by more than 1.01 times on BSE.
Today, shares of MAS Financial Services Ltd plunged 2.82 per cent to Rs 1,016 per share with an intraday high of Rs 1,058.85 and an intraday low of Rs 940.20. The stock’s 52-week high of Rs 1,066 & its 52-week low of Rs 680 and saw a spurt in volume by more than 1.01 times on BSE.
MAS Financial Services Ltd informed that the Board of Directors of the company has approved bonus shares in the ratio of 2:1 i.e., 2 new fully paid-up bonus equity shares of Rs 10 each for every 1 existing fully paid-up equity share of Rs 10 each held by the members of the company as on the Record Date which is fixed as February 22, 2024 and that the new bonus equity shares so issued and allotted shall.
The company reached the milestone of Rs 10,000 crore Assets under Management (AUM), to reward the shareholders for their loyalty and investment in the company it declared bonus shares. The company also declared a dividend of Rs 3/share having a face value of Rs 10 each and the ex-date for the dividend is today. January 23, 2023.
MAS Financial Services Limited is a non-deposit-taking NBFC registered with the RBI. It is engaged in offering retail financing products for MSMEs, home loans, two-wheeler loans, used car loans and commercial vehicle loans. The company has a market cap of over Rs 5,500 crore and reported positive numbers in its Quarterly Results (Q3FY24) and annual results (FY23).
According to the shareholding pattern, the promoters own 73.72 per cent stake, FIIs own 1.63 per cent, DIIs own 8.43 per cent and the rest 16.21 per cent is owned by the public. The stock is up by 50 per cent from its 52-week low of Rs 680 per share. Investors should keep an eye on this Small-Cap NBFC stock under the radar.
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