Rs 37.5/Sh Dividend Soon: Rubber Sector Stock Set To Mull Bonus Share, Shares Up 109.64% YTD

GRP Ltd shares witnessed attractive rally of 109.64% year-to-date and zoomed 188% in last 1-year. After offering stunning returns, GRP informed shareholders today about upcoming meeting of Board of Directors scheduled to be held as on June 29, 2024 to consider proposal of bonus share.

The company on May 17 recommended a dividend of Rs 37.5 per share dividend and has yet to announce the record date Current market price of GRP share on BSE is Rs 10,374.00 apiece. The company has a market capitalisation of Rs 1,383.20 crore and operates in rubber industry. Check details below:

GRP Ltd To Consider Bonus Share Soon: As per the BSE filing of GRP Ltd issued as on June 26, "The Meeting of Board of Directors is scheduled to be held on Saturday, 29th June, 2024, inter-alia, to consider Issue of Bonus Shares to the equity shareholders of the Company. Trading Window for trading in equity shares of the Company shall remain closed from today i.e. closing of business hours of 26th June, 2024 till 1st July, 2024 i.e. till 48 hours from the conclusion of the Board Meeting."

GRP Ltd Recommended 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 announced 32 dividends since August 30, 2002. In last 1-year, GRP announced an equity dividend amounting to Rs 17.00 per share. At the current share price of Rs 10,374.00, GRP offers a dividend yield of 0.16%, 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 11,000.00 per share (as on 19/06/2024) and 52-week low price is Rs 3,400.00 per share (as on 10/07/2023), respectively. GRP shares gave return of 63% in last 3-months, zoomed 117% in last 6-months, and offered return of 697% in last 2-years. In last 3-years, GRP Ltd stock surged 982%.

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.