Large Cap Bajaj Group Stock Declares 130% Final Dividend, Fixes Record Date, Soars 250% In 3 Yrs

Bajaj Holdings & Investments Ltd. on Thursday, April 27, 2023, recommended a final dividend of Rs 13 per equity share i.e. 130% of the face value of Rs 10 each for the financial year 2022-23. It is a large-cap company of Bajaj Group having a market capitalisation of Rs 74,012.97 crore. The company operates as an Investment Company and is registered as a Non-Banking Financial Institution - Investment and Credit Company with the Reserve Bank of India.

Recommended Final Dividend & Record Date For The Recommended Dividend

The Board of Directors of Bajaj Holdings & Investments Ltd. in an exchange filing has said, "Kindly further note that a final dividend at the rate of Rs. 13 per share (130%) of face value of Rs. 10 each on equity shares of the Company has been recommended by the Board of Directors today, for the financial year ended 31 March 2023. The said dividend, if declared, by the shareholders at the ensuing Annual General Meeting, will be credited/dispatched on 31 July 2023 and/or 1 August 2023."

It added, "Further, pursuant to Regulation 42 of the SEBI (listing Obligation and Disclosure Requirements) Regulations, 2015, the record date for the purpose of determining the members eligible to receive the dividend for the financial year ended 31 March 2023, has been fixed as Friday, 30 June 2023."

Current Market Price, 52-Week Low/High, & Returns

The stock's current market price on NSE is Rs 6,650.25 apiece, up 1.72% from the previous close. The stock hit its new 52-week low on June 20, 2022, at Rs 4,294.05 apiece and 52-week high on September 15, 2022, at Rs 7,378.45 apiece, respectively.

The stock surged 3.89% in 1 week. It surged 10.06% in 1 month and 12.62% in 3 months, respectively. In the past 1 year, it has given 23.88% positive return. In 3 years it has given 250.48% positive return. In the past 5 years, it has given 151.34% positive return.

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