bonus share, Bonus Share: Diwali gift to investors; Company will give bonus share, there will be so much benefit – maharashtra seamless share bonus ration announced check details
This share of Tata group is falling; Investors lose, prices at 3-month lows
Maharashtra Seamless recommends bonus shares in the ratio of 1:1. So if you have 10 shares then 10 more shares will be issued. At market close on Tuesday, Maharashtra Seamless stock traded at Rs. It was trading at 811.60.
It turned out to be a multibagger for investors
Maharashtra Seamless has proved to be a multibagger stock for its investors. The company’s shares have returned 62 percent in one year and 45 percent in the last six months. Apart from this, their stock has gone from Rs 218 to Rs 918 in the last two years. That is, in two years the capital of the investors quadrupled. If someone had invested Rs 1 lakh 2 years ago, his stock price would have reached Rs 4 lakh.
Meanwhile, the Board has approved the appointment of Sarat Kumar Mohanty as the Chief Financial Officer (CFO) of the Company with effect from October 17, 2022. It also approved the reclassification and increase in authorized capital and necessary changes in the memorandum of association of the company subject to the approval of the shareholders.
It was the top trending stock among investors in Tuesday’s capital market trade
The company’s profit increased
On the other hand, in the second quarter of the current financial year ended September 2022, the company’s net profit increased by 94% to Rs. 176.5 crore as compared to Rs. 91 crore was Meanwhile, in the second quarter of FY2022-23, its revenue grew by 48% to Rs. 1,414 crore as compared to Rs. 951 crore was
Business of the company
Maharashtra Seamless Limited (MSL) incorporated in the year 1988 manufactures seamless and ERW steel pipes and tubes. MSL is the flagship company of the DP Jindal Group and is headed by Executive Chairman D. P. Jindal and Managing Director Saket Jindal. Maharashtra Seamless has diversified its business portfolio into renewable energy generation and acquiring a stake in an iron ore mine in Amapa, Brazil.
