Bonus Share: There is good news for investors who wish to buy shares of companies that distribute bonus shares. NDR Auto Components Ltd has announced to distribute bonus shares for the second time in a row. The company is giving one share bonus for one share. The record date for this is this week –
1 share free on 1 share
The company has informed the stock markets that 1 share will be given as bonus on one share. The company will trade as ex-bonus stock on Wednesday, 25 September 2024. That is, investors whose names will be in the company’s record book on this day will get the benefit of bonus issue. Let us tell you, before this the company had traded as ex-bonus stock in July last year. Even then the company had given 1 share bonus on one share.
The company has paid dividend
In the month of July this year, the company traded as an ex-dividend stock. Then the company had given a dividend of Rs 3.75 per share. In 2023, the company had given a dividend of Rs 5 per share to eligible investors.
Also read: IPOs of 10 companies are opening this week, a great opportunity to bet
How is the company performing in the stock markets?
On Friday, the company’s shares fell by more than 2 percent to Rs 1693.15. During the last 3 months, the company’s share prices have seen an increase of more than 113 percent. That is, the money of positional investors has more than doubled during this period. Investors who have held shares of NDR Auto Components Ltd for 1 year have got a profit of 214 percent so far.
The 52 week high of NDR Auto Components Ltd is Rs 1943.95. The 52 week low level of the company is Rs 518.80. The market cap of the company is Rs 2013.60 crore.
(This is not an investment advice. The stock market is subject to risks. Please seek expert advice before making any investment.)
