Telecom Co Recommends 1:5 Split, Re 0.15/Sh Dividend Post Mkt Hrs, Shares Hit Upper Circuit

Small cap telecom sector company Bondada Engineering share on July 15, 2024 recommended final dividend of 0.15 per equity share of the face value of Rs 10 each for FY ended March 31, 2024 and 1:5 stock split. Current market price of Bondada Engineering shares on BSE is Rs 2756.80 per share. Bondada Engineering Ltd shares today hit upper circuit.

The company declared the corporation action of stock split and dividend after market hours. Bondada Engineering has a market capitalisation of Rs 5,955.26 crore. Bondada Engineering shares surged 560% year-to-date. Check details below:

Bondada Engineering Recommends Dividend: As per the BSE filing of Bondada Engineering dated July 15, "The Board of Directors in their Meeting held on July 15, 2024 had 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" for the purpose of determining the entitlement of Members to receive the aforesaid dividend for the financial year ended March 31, 2024.

Bondada Engineering Approves Stock Split: The BSE filing added, "considered and approved the sub-division/split of existing 1 (One) equity share of the Company having a face value of Rs. 10/- (Rupees Ten only) each, fully paid-up, into 5 (Five) equity shares having a face value of Rs. 2/- (Rupees Two only) each, fully paid-up, subject to shareholder's approval."
The record date for stock split will be issued in due course.

Bondada Engineering Share Performance: 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 shares jumped 13% in last 1-month, gained 478% in last 6-months, and soared 560% year-to-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 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.