multibagger stock
Multibagger stock Bharat Global Developers Limited (BGDL) recorded a rise of 5 percent today. The share closed at Rs 1,097.95. In this selling market, the stock gave an excellent return of 21.54% in the last 5 days. If we look at the returns of the last 1 year, the stock has given a bumper return of 5,784%. At the same time, the share has given an excellent return of 508.45% in the last 6 months. If we look at the share price, on November 13, 2023, the share price was Rs 18.66, which has now increased to Rs 1,097. If an investor had invested Rs 9330 in the stock of this company for exactly one year, he would have had 500 shares in his portfolio. Its price has now increased to Rs 5,48,975 in one year.
Now preparing to give bonus shares
The company said its board will meet on November 18 to discuss stock split, issuance of bonus shares and dividend. The company said it will consider issuing bonus shares in the ratio of 10:8, meaning shareholders can get eight additional shares for every ten shares held, reflecting BGDL’s strong financial performance. Additionally, the board plans to consider a share split of up to 1:10 to make shares more affordable and increase liquidity in the market.
Dividend will also be announced
The company further said in an exchange filing, “The Board will review the possibility of paying a dividend up to 100%. If this proposal is approved, shareholders will receive significant returns on investment, which will enable BGDL to return profits.” “Will demonstrate commitment and highlight the company’s strong financial position and consistent cash flow.”
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