with a market valuation of 277.62 Cr, IFL Enterprises Ltd. is a small-cap business that operates in the commercial services industry. The corporation is engaged in the business of buying and selling bonds, stocks and other financial instruments. The firm today announced that it is going to consider issue of bonus shares and a share split for the benefit of its eligible shareholders.
The company said in a stock exchange filing that “This is to inform you that a meeting of the Board of Directors of IFL Enterprises Limited is scheduled to be held on March 09, 2023 at the registered office of the company at C- 110 G/F Bhola Nath Nagar, Shahdara Delhi East Delhi DL 110032 India To consider and approve inter alia the following matters: 1. Consider a proposal for sub-division of equity shares of a company of face value of Rs. 10/- each in such manner as may be prescribed by the Board of Directors; 2. Issue of fully paid-up Bonus Equity Shares to the members of the company. 3. Change in the authorized share capital clause of the company. 4. To consider, with the permission of the Chairman, any other matter as the Board may deem fit or which is relevant and conducive to the business of the company.”
During Q3FY23, the company reported a net sales of Rs. 0.50 cr, down 12.28% 0.57 crore in Q3FY22. Net profit of IFL Enterprises 0.15 crore in the quarter ending December 2022 as compared to a net loss of Rs. 2.36 crore during the same quarter last year. EPS of IFL Enterprises stood Compared to a loss of 0.08 in Q3FY23 7.87 in Q3FY22.
Shares of IFL Enterprises Ltd closed today on BSE 152.60 each level, down 0.20% from previous close 152.90. The stock recorded a total volume of 1,01,888 shares, which is an average of distributable volume of 63,050 shares or 61.88%. stock jumped 5.38 at the current price level in the last five years, resulting in multibagger returns of 2,745.79%. share price climbed 8.01 at the current market price during the last three years, resulting in multibagger returns of 1,800.75%. share price increased from 18.68 during the last year at the current market price, resulting in a multibagger return of 715.26%. The stock has appreciated 7.84% YTD in 2023 so far. The stock has touched a 52-week high. 183.90 (16/02/2023) and at 52-week low at 13.50 (10/03/2022). During Q3FY23, the company reported promoter shareholding of 1.21% and public shareholding of 98.79%.
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