2:1 bonus share, 2:1 stock split & 5,475 per cent multibagger returns: Stock under Rs 120 jumps 9.80 per cent on November 18
From Rs 2.13 per share to Rs 118.75 per share, the stock gave multibagger returns of 5,475 per cent in just 5 years.
On Monday, the shares of Mufin Green Finance Ltd gained gained 9.80 per cent to Rs 118.75 per shae from its previous closing of Rs 108.15 per share. The stock’s 52-week high of Rs 273.10 while its 52-week low is Rs 90.40 per share. The stock gave multibagger returns of 1,642 per cent in 3 years whereas the BSE Sensex Index is up by 30 per cent. The company has not made any significant announcements of late. Hence, the rally in the share price could be driven purely by the market forces.
Mufin Green Finance tackles social and environmental issues in India by providing financial solutions, like electric vehicle loans, to underserved communities. This focus on financial inclusion and sustainability goes hand-in-hand with their strong financial performance, boasting a market cap of Rs 1,860 crore and a remarkable 180 per cent three-year compounded annual growth rate in profits.
According to Quarterly Results, the net sales increased by 120 per cent to Rs 46.21 crore and net profit increased by 41 per cent to Rs 5.67 crore in Q2FY25 compared to Q2FY24. In its half-yearly results, the net sales increased by 116 per cent to Rs 83.19 crore and net profit increased by 35 per cent to Rs 10.06 crore in H1FY25 compared to H1FY24. Looking at its annual results, the net sales increased by 184 per cent to Rs 97.60 crore and net profit increased by 98 per cent to Rs 16.06 crore in FY24 compared to FY23.
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From Rs 2.13 per share to Rs 118.75 per share, the stock gave multibagger returns of 5,475 per cent in just 5 years. In the past three years, the company has implemented three corporate actions: a final dividend of Rs 0.2 per share on September 2, 2022, a 2:1 stock split on April 13, 2023, and a 2:1 bonus share issuance on July 02, 2023. These actions have increased the number of outstanding shares and potentially impacted the company's stock price and financial ratios. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.