Maan Aluminium announces bonus shares and stock split
Maan Aluminium, a company that has given its investors a whopping return of over 4,000% in the last seven years, has announced a bonus share issuance and a stock split. The company plans to split each share into two, and will issue bonus shares in the ratio of 1:1 to eligible shareholders. The company will also convert each share with a face value of Rs.10 into two shares with a face value of Rs.5 each. The record date for the same will be announced soon.
Here are some key highlights of Maan Aluminium:
Bonus share issuance and stock split: Maan Aluminium has announced a bonus share issuance in the ratio of 1:1 to eligible shareholders. The company will also split each share into two, and convert each share with a face value of Rs.10 into two shares with a face value of Rs.5 each.
4,000%+ return in last seven years: Maan Aluminium has given its investors a return of over 4,000% in the last seven years. The company’s share price was trading at Rs.7.83 on BSE on June 24, 2016. Today, the share price has reached Rs.322.90, a whopping increase of 4023.88%.
Rs.1 lakh investment turned into over Rs.40 lakh: If an investor had invested Rs.1 lakh in Maan Aluminium’s shares seven years ago, today their investment would be worth over Rs.40 lakh. The stock has surged by 36.58% in the last five days, 73.66% in the last month, and 81.46% in the last six months. In the last one year, the stock has soared by 181.97%.
Maan Aluminium is a classic example of how investing in the right share and holding it for the long term can yield massive returns. However, investors are advised to seek professional financial advice before investing in any stock.
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