25% Dividend, 1:1 Bonus Issue: Engineering Stock Issues Bonus Allotment Update, Shares Gain 978% In 1-Yr

Small cap company Rajoo Engineers shares have been witnessing sharp rally for last few days. The stock hit 5th consecutive 52-week high and 2nd upper circuit in a row. Current market price of Rajoo Engineers shares on BSE is Rs 285.35 per share. Rajoo Engineers shares issued allotment update on August 9 for 1:1 bonus issue. The company had fixed August 8, 2024 as the record date for bonus issue.

Earlier on June 28, Rajoo Engineers recommended Re 0.25 per equity share with record date yet to announced. Rajoo Engineers shares gained 129% in last 3-months and soared 1578% in last 2-years. The company has a market capitalisation of Rs 3510.07 crore. Check key details below:

Rajoo Engineers Issues Bonus Allotment Update: As per the BSE filing of Rajoo Engineers issued as on August 9, 2024, "Board of Directors of Rajoo Engineers Limited ("the Company") at its Meeting held on Friday, August 09, 2024 at its registered office has, inter alia, considered and approved the allotment of 6,15,04,574 Equity Shares Rs.1/- each as fully paid-up Bonus Equity Shares in the proportion of 1:1 i.e. 1 (One) Bonus Equity Share of Rs.1/- each for every 1 (One) existing Equity Share of Rs.1/- each held, to the eligible Members whose names appear in the Register of Members / list of Beneficial Owners maintained by the Company/Depositories as on the Record Date i.e. Thursday, August 08, 2024 [Record Date]."

Rajoo Engineers Dividend: The company's exchange filing dated June 28 said, "recommended Final Dividend of 25% i.e. Rs. 0.25 per equity share having face value of Rs. 1.00/- (pre-bonus) for the financial year ended March 31, 2024 subject to the approval of the shareholders in ensuing Annual General Meeting (AGM) of the Company. It is further informed that the aforesaid Final Equity Dividend of Rs.0.25 per equity share having face value of Rs. 1/- each (pre-bonus), which translates into final dividend of Rs. 0.125 per equity share having face value of Rs. 1/- each (post-bonus) for the Financial Year 2023-24, subject to the approval of the shareholders of the Company and would be paid within 30 days from the date of declaration at the ensuing AGM." The company has yet to declare record date for final dividend.

Rajoo Engineers Share Performance: The 52-week high price of Rajoo Engineers Ltd share on BSE is Rs 285.35 per share (as on 09/08/2024) and 52-week low price is Rs 25.56 per share (as on 14/08/2023), respectively. Rajoo Engineers shares offered attractive return of 131% in last 6-months, rose 1578% in last 2-years, gave attractive return of 2005% in last 3-years, and gained 2904% in last 5-years.

Shareholding: FII/FPI have decreased holdings from 0.37% to 0.27% in June 2024 quarter. Number of FII/FPI investors remains unchanged at 12 in June 2024 quarter. Mutual Funds holding remains unchanged at 0.00% in June 2024 quarter. Institutional Investors have decreased holdings from 0.37% to 0.27% in June 2024 quarter.

Disclaimer: The stock highlights the dividend, bonus share 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.