1:4 Bonus Issue, Stock Split Approved: Small Cap Stock Rises 439% YTD, Volume Spurts

Small cap company operating in advertising & media agencies industry, Maagh Advertising and Marketing Services Ltd approved issue of bonus share in the ratio of 1:4 implying shareholders will become eligible to receive 1 bonus share for every 4 shares held as on the record date. The board of directors of Maagh Advertising will decide on the record date in its further meeting. Maagh Advertising shares soared 439% year-to-date. The company has also recommended sub-division of shares. Maagh Advertising shares hit lower circuit in trade today. Check details below:

Maagh Advertising Approves 1:4 Bonus Issue: As per the BSE filing of the company issued on December 20, 2023, "Board approved the issue of Bonus Shares in the ratio of 1 (One) fully paid-up equity shares for every 4 (Four) existing fully paid-up equity share held by the Members as on the record date."

Maagh Advertising Approves Stock Split: As per the regulatory filing of the company dated December 20, "Approved the proposal of sub- division of 1,80,01,000 Equity shares of the Company from Rs. 10/- each (Ten) to 18,00,10,000 Equity Shares of Re. 1/- each (Rupees One Only) as Face Value, subject to the Shareholders approval and recommended the same for Shareholders approval in ensuing Extra- Ordinary General Meeting."

Maagh Advertising Stock Performance & Return: Current market price of Maagh Advertising share on BSE is Rs 13.37 per share with intraday fall of 5.00%. Maagh Advertising shares hit lower circuit in trade today. Despite hitting lower circuit, Maagh Advertising witnessed spurt in volume by more than 10.95 times. Maagh Advertising share hits upper circuit yesterday. Maagh Advertising stock offered shareholders return of 621% in last 1-year.

Maagh Advertising About: Maagh Advertising and Marketing Services Private Limited functions as an advertising agency. It creates and executes advertising campaigns across several media that assist business and brands grow. It provides designing, media, and printing services. The company operates in Advertising & Media Agencies industry.

Disclaimer:

The stock just highlights the bonus issue and stock split and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.