Up 760% in 1 year! Multibagger stock IFL Enterprises to consider bonus issue, stock-split

Multibagger return:
IFL Enterprises

Shares of IFL Enterprises have delivered over 760% return to its shareholders in the last one year. It has zoomed over 1,360% in the last two years

About IFL Enterprises

IFL Enterprises is involved in the business of acquisition, and trading of shares, stocks, bonds etc. It also carries on the business of all kinds of fabrics and other similar products

IFL Enterprises on D-Street

Shares of IFL Enterprises hit a 52-week high of Rs 183.90 on February 16, 2023, and a 52-week low of Rs 13.50 on March 10, 2022

IFL Enterprises: Bonus
issue and stock split

IFL Enterprises announced its board would meet on March 9, 2023, to consider a proposal for a sub-division of the equity shares of the company. It will also consider a proposal for the issue of fully paid-up bonus equity shares

What are bonus shares?

Bonus shares are additional shares given to the current shareholders of a particular company

What is a stock split?

A stock split happens when the shares are divided into two or more as per the split ratio

IFL Enterprises:
Q3 performance

The net profit of IFL Enterprises stood at Rs 0.15 crore in the December quarter of 2022 as against a net loss of Rs 2.36 crore in the same quarter last year. Net sales declined 12.28% to Rs 0.50 crore

IFL Enterprises:
Current share price

Shares of IFL Enterprises ended 2.8% lower at Rs 151.50 on BSE on February 22, 2023. Market cap of the firm fell to Rs 275.61 crore

Disclaimer

The stock mentioned in the story is for information purposes only. Investors or market participants should consult their financial advisors before taking any position 

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Story by: Tanya Aneja
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