On the BSE, 67,454 shares were traded in the counter so far compared with average daily volumes of 28,212 shares in the past two weeks.

The scrip jumped 9.05% to hit the day's high at Rs 326 in early trade, which is also a 52-week high for the counter.

In a regulatory filing made after market hours yesterday, the company informed that a meeting of the board of directors of the company will be held on Friday, 09 June 2023, to consider a proposal for sub-division / split of the equity shares of the company.

On the same day, the company's board will also consider a proposal for issue of bonus shares to the shareholders of the company.

Maan Aluminium trades in aluminium ingot/billets/rods and manufactures aluminium alloy extruded products including rods and bars. The company's plant is located in Pithampur, Madhya Pradesh with an installed capacity of 12,000 MTPA.

The company's net profit increased by 76.99% to Rs 14.46 crore on a 103.78% jump in sales to Rs 262.87 crore in Q4 FY23 over Q4 FY22.