Bonus Share: Raju Engineers Limited is one of the companies that has more than doubled investors’ money in one year. The company’s share price has seen an increase of more than 600 percent during this period. Now bonus share and dividend has been announced by the company. Let us tell you that this announcement was made on Friday i.e. 28 June 2024.
This IPO earned in 2024, beating the giants in terms of returns
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Raju Engineers Limited has stated in the information given to the stock markets that 1 share bonus will be given on one share with face value of 1 rupee. The company is issuing bonus shares for the first time. The company has also decided to pay dividends. It has been decided to pay a dividend of Rs 0.25 per share. That means eligible investors will get 25 percent profit on each share.
The company has not declared the record date for bonus shares and dividends.
The company’s IPO is opening on July 3rd, the gray market has given the green light
Strong performance of the company in the stock market
On Friday, the company’s shares rose 1.88 percent to Rs. were at the level of 317.50. Earlier in the day, the company’s shares traded at Rs. It touched an intra-day high of 322.80. This is also the company’s 52-week high. In the last one year, the share price of the company has seen an increase of 653 percent.
At the same time, investors who held the stock for 6 months made a profit of 46 percent. The stock price has increased by 22.60 percent in one month. Let us tell you that the 52-week low level is Rs 42.05. The market cap of the company is Rs. 1952.77 crores.
The total share of the promoters in the company is 66.56 percent. While public is 33.07 percent.