Small-cap stock to consider stock split after giving 150% return in one month

Stock split 2023: Shares of Mena Mani Industries Ltd will be in focus today as the small-cap company board is going to consider and approve the proposal for stock split. The company has informed Indian stock market exchanges that the board of directors of the small-cap company is going to consider stock split in its board meeting scheduled on 12th June 2023 i.e. today.

The small-cap multibagger stock informed Indian stock market exchanges about the board meeting citing, "The Board of Directors of the Company is scheduled on 12/06/2023 ,inter alia, to consider and approve 1. To fix date, time and venue for conducting the Extra Ordinary General Meeting of the Company and approving draft notice thereof. 2. To consider a proposal for sub-division / split of the Equity shares of the Company having a face value of Rs. 10/- each, subject to such regulatory/statutory approvals as may be required, including the approval of the shareholders of the Company. 3. To consider consequential amendment to the capital clause of Memorandum of Association of Company. 4. To appoint a Scrutinizer to scrutinize the e-voting process in a fair and transparent manner for the Extra Ordinary General Meeting to be held. 5. Any other agenda with the permission of Chair."

Mena Mani Industries share price history

As mentioned above, Mena Mani Industries shares are one of the multibagger stocks">multibagger stocks that Indian stock market has produced recently. This small-cap stock has risen from around ₹15.80 to ₹39.73 apiece levels in last one month, logging more than 150 per cent rise in this time. In last six months, this multibagger stock has surged from near ₹14.40 to ₹39.73 per share levels, ascending to the tune of 175 per cent. In year to date YTD) time, this small-cap stock has ascended from around ₹14.30 to ₹39.73 per share levels, logging near 175 per cent rise in this time.

In last one year, this small-cap multibagger stock has appreciated from around ₹12.25 to ₹39.73 per share levels, logging near 225 per cent rise in this time.

However, in last five years, this multibagger stock has delivered only 150 per cent to its long term positional shareholders.