After Rs 5/Share Dividend, Multibagger Mining Stock Set To Consider Bonus Issue

Small cap company operating in mining sector Sandur Manganese & Iron Ores Ltd shares witnessed a rally of 11.28% today at 11:52 am soon after it announced in its BSE filing about an upcoming meeting scheduled to take place on December 18, 2023 to consider the proposal for bonus shares to the equity shareholders of the company. Sandur Manganese share also hit its fresh 52-week high in trade today. Sandur Manganese stock offered return of 112% year-to-date (YTD). Check details below:

Sandur Manganese To Consider Bonus Share: According to the BSE filing of the company dated December 7, "In compliance with the provisions of Regulation 29(1) of SEBI (LODR) Regulations, 2015 as amended from time to time, we wish to inform the Exchanges that a meeting of the Board of Directors of the Company is scheduled to be held at 10.30 am on Monday, 18 December 2023 to consider, inter-alia the proposal for issue of Bonus Shares to the equity shareholders of the Company."

Sandur Manganese Stock Performance & Return: Current market price of Sandur Manganese share BSE is Rs 1813.00 per share. The 52-week high price of Sandur Manganese share is Rs 1824.00 per share and 52-week low price is Rs 695.00 per share, respectively. Its market capitalisation is Rs 4912.09 crore. Sandur Manganese shares gained 44% in last 6-months, soared 137% in last 1-year, gained 178% in last 2-years, and offered return of 423% in last 3-years. In last 5-years, Sandur Manganese stock offered return of 422% and jumped 758% in last 10-years.
Sandur Manganese Dividend History: Sandur Manganese & Iron Ores announced 22 dividends since August 28, 2002. In the past 12 months, Sandur Manganese announced an equity dividend amounting to Rs 5.00 per share. At the current share price of Rs 1813.00, it offers a dividend yield of 0.28%.

Sandur Manganese Financials: The company for the quarter ended September 30, 2023 declared its consolidated total income at Rs 202.62 crore, down 46.83% from last quarter total income of Rs 381.05 crore. The company announced its latest quarter net profit after tax at Rs 26.53 crore.

Sandur Manganese About: It is one of India's highly integrated and diversified commodity producers with a rich heritage and over six-and-a-half decades of experience in systematic, safe and scientific mining. Established in 1954, it has since expanded beyond mining operations to include the production of ferroalloys, coke and energy, and continue to work towards further downstream expansion and diversification, according to its official website.

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