Multibagger in just 1 year; Board announced bonus shares for the first time ever!

The stock gave multibagger returns of 160 per cent in just 1 year and over 300 per cent in 3 years.

MRP Agro Ltd informed that the Board of Directors of the company has approved bonus shares in the ratio of 2:1 i.e., 2 new equity bonus shares of Rs 10 each for every 1 existing equity share of Rs 10 each held by equity shareholders as of record date. The company fixed the record date as Friday, October 13, 2023.

Incorporated in 2018, MRP Agro Ltd does trading of food grains, fly ash and coal including Import and Export of such products. The company has a trading network in urban and rural areas from where it purchases food grains, fly ash and coal from local markets by way of auction in large quantity and then sells these products, after clearing quality checks, to wholesalers. 

Talking about the financials, MRP Agro Ltd has a market cap of over Rs 40 crore. The company reported positive numbers in its half-yearly (H2FY23) results and annual results (FY23). The company has very little debt, with just Rs 0.40 in outstanding debt. This is equivalent to just 1 per cent of its current market capitalization as mentioned above.

On Tuesday, shares of MRP Agro Ltd plunged 0.87 per cent to Rs 136.85 per share with an intraday high of Rs 140.45 and an intraday low of Rs 136.50. The stock’s 52-week high is Rs 182.89 and its 52-week low is Rs 52.55.

The stock gave multibagger returns of 160 per cent in just 1 year and over 300 per cent in 3 years. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.