24 Dividends: Maruti Suzuki-Backed Multibagger Stock Set To Consider 2nd Bonus Share

Small cap company engaged in auto components & equipment industry, Bharat Seats Ltd shares today surged 3.39%. Current market price of Bharat Seats shares on BSE is Rs 198.50 per share. Board of Directors of Bharat Seats will hold meeting on November 5, 2024 to consider unaudited financial results for the quarter and six months ended September 30, 2024 along with bonus share to the members of the company. The company has a market capitalisation of Rs 623.29 crore. Bharat Seats shares offered shareholders returns of 22.81% in last 1-week only and gained 121% in last 2-years. The company recommended last bonus issue in 2007. Check key details below:

Bharat Seats To Consider Bonus Issue, Financial Results:

As per the exchange filing of the company dated October 29, 2024, "the meeting of Board of Directors of the Company is scheduled to be held on Tuesday, November 05, 2024, inter alia, to transact the following businesses:

i. to consider and approve the unaudited Financial Results of the Company for the quarter and six months ended September 30, 2024.

ii. to consider, subject to approval of members, increase in Authorized Share Capital of the Company and consequential amendment in the capital clause of Memorandum of Association of the Company.

iii. to consider issue of Bonus Shares to the Members of the Company."

Bharat Seats Shares Performance:

The 52-week high price of Bharat Seats shares on BSE is Rs 240.00 per share (as on 29/08/2024) and 52-week low price is Rs 125.65 per share (as on 14/03/2024). The stock slipped marginally by 2% in last 1-month, gained over 50% in last 1-year, and surged 171% in last 3-years.

Bharat Seats Shareholding:

Promoter Maruti suzuki india ltd has 14.81% stake in Bharat Seats.

Bonus Share History:

Bharat Seats gave 1 bonus since June 28, 2007. The last Bonus that the firm declared was in the ratio 1:1 with ex-date fixed as June 28, 2007.

Dividend History:

Bharat Seats recommended 24 dividends since July 26, 2001. In last 1-year, Bharat Seats recommended an equity dividend amounting to Rs 1.60 per share. At the current share price of Rs 198.50, Bharat Seats offers a dividend yield of 0.81%.

Bharat Seats About:

Bharat Seats Ltd is a joint Venture of Suzuki Motor Corporation Japan, Maruti Suzuki India Ltd, Rohit Relan and Associates with the aim to manufacture complete seating systems and auto components. Currently Bharat Seats Ltd is engaged in the manufacturing of seating systems, carpets, NVH components and body sealing parts for four wheelers and two wheelers. Also seating system for Indian Railways. The company currently has 5 state-of-the-art manufacturing facilities spread across India. These facilities are equipped with latest manufacturing technologies & the company has set-up in-house NABL accredited testing & validation laboratory, according to its official website.

Disclaimer:

The stock highlights the bonus issue and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.