Navratna PSU Stock: The government company said that its board of directors has considered and approved the issue of bonus shares (NBCC Bonus Share) and has also fixed the record date.
Navratna PSU Stock: Government construction company NBCC (NBCC) has made a big announcement for investors on Saturday (31 August). In the information given to the stock market, the government company said that its board of directors has considered and approved the issuance of bonus shares (NBCC Bonus Share) and has also fixed the record date. It is subject to the approval of the shareholders in the upcoming annual general meeting. Let us tell you that Navratna PSU Stock has given a return of 263 percent to its shareholders in one year.
NBCC Bonus Share: Announcement of 1 free share on 2 shares
According to exchange filings, NBCC’s board meeting on Saturday approved the issuance of bonus shares in a 1:2 ratio. This means shareholders will get 1 bonus share for every 2 shares they hold. The NBCC board has fixed October 7, 2024 as the record date for bonus shares. The bonus shares will be credited within two months from the date of board approval, which will be October 31, 2024. This is the first such proposal the company is considering since 2017, in which the company had also announced a 1:2 bonus issue.
In the meeting held last week, the company fixed the record date to determine the eligibility of shareholders to get a final dividend of Rs 0.63 per equity share of Rs 1 for the financial year 2023-24. The company fixed Friday, September 6, 2024 as the record date for the final dividend. The company had given the final dividend to its shareholders in September 2023.
Companies consider Bonus Share as a dividend option. The dividend money comes directly into your account, while investors do not have to spend any money for bonus shares. Bonus shares increase the number of shares of the investor. In such a situation, he gets a big benefit from the increase in the share price in future.
NBCC Share Price History
On Friday (August 30), Navratna PSU Stock closed down 4.29 per cent at Rs 186.35. NBCC stock is a multibagger stock which has given bumper returns to investors. The stock has jumped 127 per cent in 8 months this year. Whereas in the last 1 year, the stock has given a multibagger return of 263 per cent and 440 per cent in 2 years. The 52 week high of the stock is 209.75, which it made on 28 August 2024. The 52 week low is 51.10. The market cap of the company is Rs 33,543.00 crore.
