2 Multibagger Stock To Trade Ex-Split & Ex-Bonus Next Week, Gain Up To 1200% In 1 Yr

Maan Aluminium and Servotech Power Systems are the two small cap stocks going to turn ex-split next week. The stock begins trading at the newly adjusted split price on the ex-split date. When a firm announces a stock split, the number of its shares rises but the market capitalization stays the same, which boosts the stock's market liquidity.

Maan Aluminium

The company has declared 1:1 bonus shares and sub-division of 1 equity share of face value of Rs. 10/- each fully paid-up to 2 equity shares of face value of Rs. 5/- each fully paid-up.

The company has fixed Thursday, 27th July, 2023 as the record date, for the purpose of ascertaining the eligibility of the shareholders entitled for bonus issue and stock split. Due to the T+1 settlement mechanism of Maan Aluminium, the stock shall trade ex-bonus and ex-split on the same date.

On Friday the shares of Maan Aluminium closed on the BSE at Rs 336.45 apiece up by 0.76% from the previous close of Rs 333.90. The stock made a 52-week-high of Rs 365.00 on (14/06/2023) and a 52-week-low of Rs 117.05 on (28/07/2022), indicating that at the current market price the scrip is trading 7.82% below the 1 year high and 187.44% above the 1 year low.

The stock price climbed from Rs 61.75 to the current market price during the past five years, resulting in a multibagger return of 465.77%. The stock price rose from Rs 26.68 to the current market price during the past three years, resulting in a multibagger return of 1,143.81%. The stock price jumped from Rs 123.85 to the current market price in the past year, representing a multibagger return of 175%. The stock has so far in 2023 produced a multibagger return on a YTD basis, and during the past six months, it has gone up by 50.23%.

During Q1FY24, the company recorded promoter shareholding of 65.38%, and public stake of 34.62%.

Servotech Power Systems

The Board of Directors of the company have declared a sub-division (split) of equity shares of the company having a face value of Rs. 2/- each (fully paid-up) into 2 equity shares of face value of Rs. 1/- each (fully Paid-up).

Friday, 28th July, 2023 has been fixed as Record Date for the purpose of stock split and Register of Members & Share Transfer Books of the Company will remain closed from Saturday, 29th July, 2023 to Friday, 4th August, 2023.

On Friday, the shares of Servotech Power Systems closed on the NSE at Rs 163.50 apiece up by 4.98% from the previous close of Rs 155.75. The stock made a 52-week-high of Rs 200 on (21-June-2023) and a 52-week-low of Rs 11.40 on (26-July-2022), indicating that at the current market price the scrip is trading 1,334.21% above the 1 year low and 18.25% below the 1 year high.

The stock price jumped from Rs 5.04 to the current market price during the past five years, resulting in a multibagger return of 3,144.05%. The stock price climbed from Rs 12.28 to the current market price over the last year, resulting in a multibagger return of 1,231.43%. The stock went up from Rs 32.38 to the current market price on a year-to-date basis, generating a multibagger return of 404.94% so far in 2023. In the last 6 months the stock has given a multibagger return of 327.00%. During Q1FY24, the company recorded promoter shareholding of 60.60% and public stake of 39.39%.