8:10 Bonus Issue & 1:10 Stock Split: December 26 - Record Date; A Must Buy Stock?

Modern agricultural technology, cutting-edge engineering, aeronautical innovations, and sustainable energy solutions are among the many areas of expertise for Bharat Global Developers Ltd. Following the company's announcement of the record date for bonus shares and stock split, Bharat Global Developers' shares finished Friday at a 5% lower circuit limit at Rs 1,236.45 per share, with a market capitalisation of Rs 12.52KCr.

Bharat Global Developers Record Date For Stock Split & Bonus Shares

For the purpose of sub-division of one equity share of face value of Rs. 10/- each into 10 equity shares of face value of Rs 1/- each as well as issue of bonus shares in the ratio of 0810 i.e. eight (8) new bonus equity share of Rs 1/- each for every ten (10) existing fully paid up equity shares of Re.1/- each, held, the Board of Directors have fixed Thursday, December 26, 2024 as the record date.

Bharat Global Developers Financials

The financial results for the quarter ended September 2024 have been released by midcap IT software business Bharat Global Developers. The half-yearly net sales have increased by an astounding 27,039,999,900.00% year over year, while the quarterly profit after tax (PAT) has also increased significantly by 608.2%, according to MarketsMOJO. According to MarketsMOJO, the company's net sales of Rs 270.40 crore in only six months or half year ended in the current fiscal year.

Bharat Global Developers Share Price Target

"Bharat Global Developers stock price is bearish on the Daily charts with strong resistance at 1370. A Daily close below support of 1240 could lead to a target of 994 in the near term," commented A R Ramachandran, Independent Research Analyst.

Disclaimer

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