Back-to-Back Lower Circuits & 581 Per Cent Multibagger Returns: Board Announces 10:1 Stock Split; Check Record Date Inside
The stock gave multibagger returns of 581 per cent from its 52-week low of Rs 18 per share.
Today, the shares of Mehai Technology Ltd hit a 5 per cent lower circuit to Rs 122.65 per share from its previous closing of Rs 129.10 per share. The stock’s 52-week high is Rs 340.10 per share while its 52-week low is Rs 18 per share. The security code for these shares on the BSE is 540730. In the recent trading sessions, the stock has been hitting back-to-back lower circuits.
Mehai Technology Ltd. has announced a record date of Friday, March 14, 2025, for a share split. This record date will determine which equity shareholders are eligible for the subdivision of their shares. The company's equity shares, currently with a face value of Rs 10 each, will be split into ten shares with a face value of Re 1 each. Mehai Technology Ltd manufactures and sells lighting products. The company offers LED bulbs, tube lights, and power banks. Mehai Technology also renders after-sale services. The company is an electronics retail chain operator in Eastern India which provides customers with a one-stop-shop for all their electronics needs. At present, the company has 16 electronics retail stores in Patna and plans to open 4 new stores in Kolkata
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According to the financials, Mehai Technology has a market cap of Rs 364.39 crore. The company reported positive numbers in its Quarterly Results and nine-month results. The stock gave multibagger returns of 581 per cent from its 52-week low of Rs 18 per share.
Disclaimer: The article is for informational purposes only and not investment advice.