Bonus Share, Dividend Likely Next Week: Multibagger Rajoo Engineers Zooms 601% In 1-Yr

Small cap company operating in industrial Consumables sector, Rajoo Engineers informed investors about its meeting of Board of Directors rescheduled to take place now on June 28, 2024. The Board of Rajoo Engineers will consider the proposal of bonus share and dividend announcement on June 28, 2024. Current market price of Rajoo Engineers share on BSE is Rs 307.20 per share with intraday gain of 1.45% as on June 21, 2024.

Rajoo Engineers shares offered attractive returns of 601% in last 1-year and rose by 876% in last 2-years. The small cap company has a market capitalisation of Rs 1889.42 crore. Check more details below:

Rajoo Engineers To Consider Bonus Share, Dividend: As per the BSE filing of Rajoo Engineers issued as on June 22, "With reference to the captioned subject and pursuant to the provisions of Regulation 29 of SEBI Listing Regulations and our earlier intimation dated June 18, 2024 regarding intimation of Board Meeting to be held on Monday, June 24, 2024, this is to inform you that due to certain exigencies, the meeting of the Board of Directors is now re-scheduled & to be held on Friday, June 28, 2024 at Rajoo Avenue, Survey No. 210, Plot No. 1 Industrial Area, Veraval Shapar - 360024 Dist: Rajkot, Gujarat to transact, consider and approve inter alia, the following business:
1) A proposal for declaration and recommendation of Bonus Equity Shares subject to approval of shareholders of the Company;
2) A declaration and recommendation of the Final Dividend for FY 2023-24 to be paid subject to approval of shareholders at the ensuing Annual General Meeting;
3) Any other matter with the permission of the Chair."

Rajoo Engineers Share Performance: The 52-week high price of Rajoo Engineers Ltd share on BSE is Rs 310.00 per share (as on 21/06/2024) and 52-week low price is Rs 41.00 per share (27/06/2023), respectively. Rajoo Engineers shares offered shareholders return of 52% in last 3-months, gained 47% year-to-date, zoomed 1009% in last 3-years, and rallied 1592% in last 5-years.

Rajoo Engineers Dividend History: Rajoo Engineers announced a total of 17 dividends since August 28, 2002. In the past 12 months, Rajoo Engineers announced an equity dividend amounting to Re 0.35 per share. At the current share price of Rs 307.20, Rajoo Engineers offers a dividend yield of 0.11%.

Shareholding: Promoters have increased holdings from 66.49% to 66.56% in March 2024 quarter. FII/FPI have decreased holdings from 0.51% to 0.37% in Mar 2024 qtr. Number of FII/FPI investors increased from 11 to 12 in March 2024 quarter. Mutual Funds holding remains unchanged at 0.00% in March 2024 quarter. FII holdings stood at 0.4% in the company for March 2024 quarter.

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