Rs 37.5 Dividend Soon: Rubber Sector Stock Recommends 3:1 Bonus Shares, YTD Gain 160%

Board of Directors of GRP Ltd on Saturday, June 29, 2024 recommended 3:1 bonus share implying shareholders will be eligible to receive 3 bonus shares for every 1 share held as on record date. Board of Directors of GRP Ltd did not fix record date for 3:1 bonus share. The company has already recommended a dividend of Rs 37.5/share on May 17, 2024 and yet to declare the record date for dividend as well. Current market price of GRP Ltd share on BSE is Rs 12,899.85 per share with intraday gain of 6.93 as on June 28, 2024. GRP Ltd shares offered attractive returns of 99% in last 3-months and 256% in last 1-year. Check details below:

GRP Ltd Recommends 3:1 Bonus Share: As per the regulatory filing of GRP Ltd issued as on June 29, "Issue of Bonus Shares by way of capitalization of general reserves, to the equity shareholders of the Company in the ratio of 3:1 i.e., 3 (Three) new fully paid-up Equity Shares of Rs. 10/- (Rupees Ten only) each for every 1 (One) existing fully paid-up Equity Share of Re. 10/- (Rupees Ten only) each held by the eligible shareholders as on the Record Date (to be determined by the Board) subject to the approval of the shareholders of the Company and such other regulatory/statutory approvals as may be necessary."

GRP Ltd Dividend: The exchange filing stated, "Board has recommended a dividend of Rs. 37.5/- per share (375%) (subject to deduction of tax at applicable rates) per fully paid-up equity shares of Rs.10/- each for the financial year 2023-24, subject to approval of the shareholders at the ensuing Annual General Meeting of the Company."
GRP Ltd Dividend History: GRP declared 32 dividends since August 30, 2002. In last 1-year, GRP declared an equity dividend amounting to Rs 17.00 per share. At the current share price of Rs 12,899.85, GRP offers a dividend yield of 0.13%, according to Trendlyne. This year, GRP Ltd. declared its highest ever dividend till date.

GRP Share Performance: The 52-week high price of GRP Ltd share on BSE is Rs 13,317.50 per share (as on 28/06/2024) and 52-week low price is Rs 3,400.00 per share (as on 10/07/2023), respectively. GRP shares soared 41% in last 1-month, gained 161% year-to-date, soared 256% in last 1-year, and offered highly attractive return of 881% in last 2-years only. The company's market capitalisation stood at Rs 1719.98 crore.

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.