1:5 Stock Split, Re 0.15 Dividend: Telecom Stock Issues Record Date, Shares Gain 630% YTD

Small cap company operating in telecom sector Bondada Engineering Ltd shares on August 14, 2024 hit 5% lower circuit. The company fixed September 2, 2024 as the record date for 1:5 stock split implying 1 share will be sub-divided into 5 new shares. Last trading price of Bondada Engineering shares on BSE is Rs 3048.25 per share. Bondada Engineering has a market capitalisation of Rs 6,584.85 crore. Bondada Engineering shares gained 630% year-to-date. Earlier on July 15, Bondada Engineering approved final dividend of Re 0.15 per equity share of the face value of Rs 10 each for the FY 2024. Record date for dividend is July 26, 2024. Check details below:

Bondada Engineering Sets Record Date For Stock Split: "Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations"), this is to inform you that the Company has fixed Monday, September 2, 2024, as the "Record Date" for determining entitlement of Equity Shareholders for the purpose of subdivision/ split of existing Equity Shares of the Company, such that 1 (one) equity share having face value of Rs. 10/- (Rupees Ten only) each, fully paid up, will be sub-divided into 5 (Five) equity shares having the face value of Rs. 2/- (Rupees Two only) each, fully paid up, ranking pari-passu in all respects."

Bondada Engineering Shares Performance: Bondada Engineering shares offered return of 14% in last 1-week, gained 63% in last 3-months, and offered stunning returns of 296% in last 6-months only. Bondada Engineering stock offered eye-popping returns of 630% so far this year. The 52-week high price of Bondada Engineering share is Rs 3049.70 per share (as on 25/06/2024) and 52-week low price is Rs 142.50 per share (as on 30/08/2023), respectively.

Bondada Engineering Dividend: The company on July 15 recommended a final dividend of Re 0.15 per Equity Share of the face value of Rs 10 each (i.e.,@ 1.5%) for the financial year ended March 31, 2024, subject to obtaining shareholders' approval at the ensuing Annual General Meeting ('AGM')." The Company has fixed Friday, July 26, 2024 as the "Record Date".

About: BEL is a diverse player in the infrastructure sector. The company is headquartered in Hyderabad and has made its presence felt across India. BEL's specialisation ranges from core services to operations and maintenance services in the infrastructure space.

Disclaimer:

The stock highlights record date for stock split, dividend 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.