On Tuesday, shares of the corporate hit 20 per cent higher circuit and traded at a brand new 52-week excessive.

On Tuesday, one of many Prime Gainers on BSE, shares of Maan Aluminium Ltd jumped 20 per cent higher circuit to Rs 298.95 per share. The inventory additionally traded at a brand new 52-week excessive of Rs 298.95 per share.

Maan Aluminium Ltd, engaged within the enterprise of producing & buying and selling aluminium profiles, introduced that the assembly of the Board of Administrators of the Firm shall be held on Friday, June 09, 2023, at 12.30 p.m. inter-alia for the next agenda, aside from different enterprise gadgets:

1. To think about a consequential modification to the capital clause of the Memorandum of Affiliation of the corporate.

2. To think about a proposal for sub-division / inventory cut up of the fairness shares of the corporate having a face worth of Rs 10 every, topic to such regulatory/ statutory approvals as could also be required, together with the approval of the shareholders of the Firm.

3. To think about a rise within the approved share capital of the corporate.

4. To think about the difficulty of bonus shares to the shareholders of the corporate.

Maan Aluminium Ltd reported glorious numbers in its Quarterly Outcomes (Q4FY23) and annual outcomes (FY23). The web gross sales elevated by 103.78 per cent and internet revenue elevated by 77 per cent in Q4FY23 over Q4FY22. The web gross sales elevated by 42.21 per cent and the web revenue skyrocketed by 127.34 per cent in FY23 over FY22.

The shares of the corporate noticed a spurt in quantity by greater than 4.45 instances on BSE. The inventory gave multibagger returns of 149 per cent in simply 1 12 months and over 1,200 per cent in 3 years. Traders ought to regulate this micro-cap inventory.

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