Multibagger stock up 800% in 1 year, board sets record date for stock split

Mefcom Capital Markets Limited is a small-cap company in the financial services industry with a market valuation of 138.34 crores. Mefcom Capital Markets is currently recognized as one of the best financial service providers in India because of its trading prowess and market understanding as a broker, knowledge and expertise in wealth management, commercial acumen, flair and as an investment banker Contact. In addition to providing job placement, arbitrage and research-based portfolio advisory services to clients, the company provides investment and financial services in the areas of investment banking, corporate advisory, mergers and acquisitions, brokerage and trading in equities, derivatives and commodities. The company’s board of directors has set a record date for a stock split. The firm has declared 10,00,000,000 authorized share capital, a 9,14,01,680 Paid-up Share Capital and a 9,14,01,680 subscribed share capital for the purpose of stock split.

“Please refer to the results of the Board meeting held on 5th November, 2022. This is with reference to Regulation 42(2) of the SEBI Listing Regulations, Friday, the 2nd December, 2022,” the company said in a stock exchange filing today. The face value of Rs. For the purpose of determining the eligibility of shareholders for the purpose of sub-division/division of each existing equity share of Rs.10/- (Rupees Ten Only) five (Rupees Ten Only) of the face value of Rs. 5) in Equity Shares.

The company further said that the record date has been announced “for the purpose of determining the eligibility of shareholders for the purpose of sub-division/split of each existing equity share of face value of Rs. 10/- (Rupees ten only) in five (5) equity shares of face value of Rs. 2/- (Rupees two only) fully paid up.”

Shares of Mefcom Capital Markets Ltd closed at all-time high on Friday 151.35, up 4.99% from previous close 144.15. During its last trading session, the stock recorded a total volume of 16,631 shares compared to the 20-day average volume of 22,414 shares. share price has increased 6.78, up to the current market price on 9 July 2002, which hit an all-time high of 2,132.30%. The stock has given a multibagger return of 1405.97% in the last three years and a multibagger return of 553.78% in the last five years.

The stock has given a multibagger return of 800.36% over the last year, and so far in 2022, it has given a multibagger return of 213.35% on a YTD basis. The stock has given a multibagger return of 459.52% during the last six months, and has climbed 79.43% in the past month. The stock has gained 21.47% during the last five trading sessions. The stock had touched a 52-week low On 16.01 (04/11/2021), the stock was seen trading 845.34% above its close at its close, indicating that after reaching a new 52-week high on Friday. For the quarter ended September or Q2FY23, the company reported promoter shareholding of 74.43%, FII holding of 0.09% and public shareholding of 25.47%.

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