Penny stock below ₹5, gains 5% post stock split announcement. Do you own it?

Stock Market today: Mrugesh Trading Ltd, a penny stock below ₹5, gained 5% ans during intraday trades and traded at same levels on Tuesday post announcing a stock split.

Mrugesh Trading Limited Announcement on stock Split

Mrugesh Trading Limited on Monday 24 March 2025 announced on the exchanges regarding Outcome of the meeting of the Board of Directors. As per the release the board of Directors of Mrugesh Trading have approved the Sub-Division or Split of Equity Shares of the Company from face value of Rs. 10/- each to Rs. 1/- each, subject to the approval of regulatory and statutory authorities and the shareholders of the Company at the Extra-Ordinary General Meeting.

Other business plans of Mrugesh Trading

The outcome of board meeting also highlighted that the company aims to engage in all activities related to agriculture, including the cultivation, growth, production, and management of various crops, fruits, vegetables, and herbs, as well as the development of plantations, forestry, and horticultural projects.

The company intends to operate in the real estate sector, including activities related to the development, construction, acquisition, sale, leasing, renting, and management of residential, commercial, and industrial properties.

Mrugesh Trading share price movement

The Mrugesh Trading share price opened at ₹4.63 on the BSE on Tuesday. and Mrugesh Trading share price at the tine of opening was up almost 5%. The Mrugesh Trading share price thereafter continued to trade at ₹4.63 during the intraday trades and was locked in the circuit limit.

About Mrugesh Trading Limited

Mrugesh Trading Limited, which has a market capitalization of ₹0.11 Cr and a BSE ticker of 512065, is mostly involved in investing activities.

The website for the business is mrugeshtrading.com.

Core Business of he company has been the Investment activities that are being carried out by Mrugesh Trading Limited.

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