PSU Dividend, Bonus Share: Navratna NBCC Shares Jump 6.92 Ahead Of Board Meeting

Mid cap Navratna company NBCC (India) Ltd shares today surged 6.92% at the time of writing the story after the PSU informed on August 27 to consider bonus share in its upcoming meeting of Board on August 31. Earlier, NBCC India fixed September 6, 2024 as the record date for 63% dividend. Current market price of NBCC India shares on BSE is Rs 189.95 per share. NBCC (India) shares offered return of 131% year-to-date and surged 272% in last 1-year. Its market capitalisation stood at Rs 34,011.00 crore. NBCC (India) shares witnessed spurt in volume by over 2.16 times. Check details below:

NBCC (India) To Consider Bonus Share: According to the BSE filing of NBCC (India) issued yesterday (Aug 27, 2024), "it is hereby informed that meeting of Board of Directors of the Company, NBCC (India) Limited, is scheduled to be held on Saturday, August 31, 2024 to inter-alia "consider the proposal for issue of Bonus Shares to the equity shareholders of the company in the ratio, as it may deem fit by way of capitalization of reserves, subject to the Shareholders approval."

NBCC Issues Record Date For Final Dividend: The exchange filing of NBCC (India) dated August 24, 2024 stated, "The Company has fixed Friday, September 06, 2024 as the Record Date for determining shareholders eligible to receive final dividend of Rs. 0.63/- per paid up equity share of Rs. 1/-each (i.e.@ 63%) for the FY 2023-24 subject to the approval of Shareholders at the 64th AGM of the shareholders."

NBCC (India) To Convene AGM On Sept 25: As per the BSE filing, "It is hereby informed that the NBCC's 64th Annual General Meeting is scheduled to be held on Wednesday, September 25, 2024 at 12:00 Noon (IST) through "Video Conferencing (VC)/ Other Audio Visual Means (OAVM)."

NBCC (India) Shares Performance: The 52-week high price of NBCC (India) shares on BSE is Rs 198.25 per share (as on 09/07/2024) and 52-week low price is Rs 50.66 per share (as on 29/08/2023), respectively. NBCC (India) shares soared 36% in last 3-months, rose 43% in last 6-months, and zoomed 460% in last 2-years. NBCC (India) stock surged 328% in last 3-years.

NBCC Bonus Share History: NBCC (India) offered 1 bonus issue since February 17, 2017. The last Bonus that NBCC (India) declared was in the ratio 1:2 with ex-bonus date set as February 17, 2017."

Shareholding: FII/FPI have increased holdings from 4.33% to 4.43% in June 2024 quarter. Number of FII/FPI investors increased from 119 to 155 in June 2024 quarter. Mutual Funds have increased holdings from 2.98% to 3.04% in June 2024 quarter. Number of MF schemes increased from 10 to 13 in June 2024 quarter, according to Trendlyne.

About: Founded in 1960 as a Government of India Civil Engineering Enterprise, NBCC with its Headquarter in Delhi, today, holds the status of Navratna CPSE, and has emerged as the undisputed leader in the Construction Sector on the back of its capabilities, innovative approach, adherence to highest standard of quality, timely delivery and a dedicated workforce.

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