By Malvika Gurung
Investing.com -- Shares of Maan Aluminium (NS:MANA) hit an all-time high of Rs 332 apiece on Friday, rising 4.5% during the session.
The aluminium stock continued its upward trend for the sixth day in a row in the previous session, declining only once in the past seven trading days.
In a one-week period, Maan Aluminium’s shares have jumped by an impressive 54.5%, and have zoomed 61% so far in the month of June.
The small-cap stock has rallied 91.53% on a year-to-date (YTD) basis and has soared 180.4% in the past one-year period, making it multibagger in nature.
InvestingPro’s financial models also appear bullish on the aluminium stock’s near-term prospects and have set an average fair value of Rs 429.75 apiece on it, indicating an upside of 33% compared to Maan Aluminium’s closing price on Friday.
The most bullish value has been set by the ‘5Y DCF EBITDA Exit’ model, at a fair value of Rs 598.4/share, indicating a strong potential upside of 85.3%.
Maan Aluminium’s Board approved a stock split as well as a bonus share issue at a meeting on Saturday, with record date for the twin corporate rewards set as July 27, 2023.
Continue Reading: Small-Cap Aluminium Manufacturer Sets Record Date for Stock Split & Bonus Issue