Bonus Share In Aug: Multibagger Small Cap Stock Set To Reward Free Share, Dividend Soon

Small cap company operating in industrial Consumables sector, Rajoo Engineers is all set to trade ex-bonus on August 8, 2204 in the ratio of 1:1. Last trading price of Rajoo Engineers Ltd shares on BSE is Rs 480.25 per share. Rajoo Engineers shares offered stunning returns of over 900% in last 1-year. Its market capitalisation stood at Rs 2953.76 crore. Check details below:

Rajoo Engineers Sets Record Date For Bonus Share: As per the BSE filing of the company dated July 28, 2024, "This is in furtherance of our letters dated June 28, 2024 and July 28, 2024, informing the decision of the board of directors and the members of the Company, respectively, for approval of bonus issue of equity shares in the ratio of 1:1 i.e. 1 (One) Equity Shares of face value of Re. 1/- each for every 1 (One) existing Equity Share of face value of Re. 1/- each held by the Shareholders of the Company. Pursuant to Regulation 42 of SEBI Listing Regulations, the Board of Directors of Company has fixed Thursday, August 08, 2024, as the Record Date for the purpose of the aforesaid Bonus Issue."

Rajoo Engineers Dividend: The BSE filing of the company dated June 28 stated, "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 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 480.25, Rajoo Engineers offers a dividend yield of 0.07%.

Rajoo Engineers Share Performance: The 52-week high price of Rajoo Engineers Ltd share on BSE is Rs 484.00 per share (as on 1/08/2024) and 52-week low price is Rs 48.05 per share (as on 03/08/2023), respectively. Rajoo Engineers shares offered attractive return of 59% in last 1-month, gained 91% in last 3-months, offered return of 138% in last 6-months, and gained 1224% in last 2-years. Rajoo Engineers shares zoomed 3939% 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.