Maharashtra Seamless up 10%, hits new high on stock split, bonus issue plan

In the past one year, the stock has appreciated by 100 per cent on the back of robust financial performance and strong order book position.

Shares of Maharashtra Seamless hit a new high of Rs 910 on soaring 10 per cent on the BSE in Thursday’s intra-day trade in an otherwise weak market, as the company proposed a stock split and bonus issue plan.

Maharashtra Seamless on Wednesday after market hours announced that the board of directors at its meeting scheduled to be held on Monday, October 17, 2022 will also discuss and consider inter-alia, issue of bonus shares and sub division/split of the company’s existing equity shares of Rs 5 each.

Earlier, on October 7, the company had informed stock exchanges that