RITES ltd share price: Shares of government railway stock RITES Ltd are trading as ex-bonus and ex-dividend stock today. The company is giving one share bonus on one share and a dividend of Rs 5 on every share. Let us tell you, the price of shares of RITES Ltd has increased by more than 12 percent on Friday.
Today is the record date for dividend and bonus shares
RITs Limited had informed the stock markets that one bonus share per share will be given to eligible investors. The company is also giving a dividend of Rs 5 per share. The company had fixed the record date of 20 September 2024 for bonus shares and dividend. Which is today. That is, only those investors whose name will be in the record book of the company today will get the benefit of dividend and bonus shares.
Also read: RVNL is giving dividend, record date today, shares jumped more than 7%
The company’s shares opened at Rs 362.95 on BSE today as compared to Thursday’s closing. After some time, the price of the company’s shares rose by more than 12 percent to reach the level of Rs 383.85. Let us tell you, RITs Limited had earlier given 1:4 bonus shares in 2019.
Ritz Limited shares rise
During the last one month, the company’s share prices have seen a rise of 8.9 percent. At the same time, investors who have held the stock for 6 months have got a profit of 17 percent so far. Let us tell you, RITs Limited has given a return of 42 percent in one year.
By the quarter of June 2024, the total share of the government in this company was 72.20 percent. At the same time, the public had 13.50 percent stake. The share of mutual funds is 3.32 percent.
(This is not an investment advice. The stock market is subject to risks. Please seek expert advice before making any investment.)
