1:4 Bonus Share, Rs 7/Share Dividend Announced: Beverage Stock Jumps 19.23% In 1-Week

Small cap company from the Breweries & Distilleries industry GM Breweries Ltd shares plummeted today by nearly 3.40% on BSE despite several new announcements. Last trading price of GM Breweries shares on BSE is Rs 755.00 per share. However, GM Breweries shares witnessed stunning rally of over 19% in last 1-week on the proposal of dividend and bonus share proposal.

Today the company recommended 1:4 bonus share and Rs 7/share dividend. GM Breweries shares gained 22% in last 1-month only. The company's market capitalisation is Rs 1,379.95 crore. Check details below:

GM Breweries Recommends Bonus Share: As per the regulatory filing of the company dated April 4, 2024, "The Board of Directors have proposed / recommended issue of Bonus Shares in proportion of 1:4 i.e. One new fully paid bonus equity share of Rs.10/- each for every 4 existing fully paid equity shares ofRs.L0/- each held as on Record Date. The bonus issue of equity shares will be subject to approval by members of the company."

GM Breweries Declares Dividend: The exchange filing of the company dated today stated, "The Board of Directors of the Company have proposed/ recommended subject to approval of Members a dividend @ 700/o i.e. Rs.7/- per equity share of Rs.10 each."

GM Breweries Dividend And Bonus Share History: GM Breweries announced 23 dividends since May 14, 2001. In the past 12 months, G M Breweries Ltd announced an equity dividend amounting to Rs 6.00 per share. At the current share price of Rs 755.00, GM Breweries offers a dividend yield of 0.79%. G M Breweries offered 3 bonuses since May 16, 2014, according to Trendlyne.

GM Breweries Shares Performance & Return: The 52-week high price of GM Breweries shares on BSE is Rs 815.25 per share and 52-week low price is Rs 548.65 per share, respectively. GM Breweries shares have gained 12% in last 3-months, soared 36% in last 1-year, gave return of 73% in last 3-years, and surged 24% in last 5-years. In last 10-years, GM Breweries stock zoomed 895%.

GM Breweries Limited About: G.M. Breweries Ltd is engaged in the manufacturing, marketing, and sale of alcoholic beverages including country liquor and Indian made foreign liquor. It offers products under G.M.Santra, G.M.Doctor, G.M.Limbu Punch, and G.M.Dilbahar Sounf brand names. It was founded by Jimmy William Almeida on December 9, 1981 and is headquartered in Mumbai.

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.