There is a lot of fluctuation in the stock market these days. Meanwhile, some penny stocks are also in focus. The share price of Mayukh Dealtrade Ltd is in focus. On Tuesday, this stock rose by 5% and closed at the level of Rs 2.06.

Mayukh Dealtrade Limited is a microcap company. Its equity shares were split last month. It has registered a growth of about 250 percent in its sales during the July-September quarter of the current financial year.

This Mumbai-based company works in the infrastructure segment. The company registered net sales of Rs 1.60 million in the second quarter, which shows a growth of 248 percent compared to Rs 4.60 million in the same quarter of the previous financial year.

The company said its net profit stood at Rs 6.10 million in the quarter under review, up 125% from Rs 2.74 million in the same quarter of the previous fiscal.

For the first half of the financial year 2024-25 (H1 FY2025), the company reported a net profit of Rs 9.55 million, up 168 percent from Rs 3.53 million in the first six months of the previous fiscal. Total income during the same period (H1 FY2025) stood at Rs 23.9 million, up more than 100 percent from Rs 1.4 million in the same period of FY 2024.
 

Stock Split

The BSE-listed firm is in the business of manufacturing various types of burners. It had last month announced the split of its equity shares with a face value of Rs 5 each. Following the split, which was effected in the ratio of 5:1, meaning each share with a face value of Rs 5 was split into 5 shares of Rs 1 each, the market price was adjusted below Rs 10. This was the second sub-division by the company after the pandemic.

In 2021, the firm had split its shares in a ratio of 2:1, meaning each share with a face value of Rs 10 was split into two equity shares with a face value of Rs 5 each.