1:5 Stock Split: Telecom Stock Set To Trade Ex-Split Next Week, Shares Gain 725% YTD

Small cap company operating in telecom sector Bondada Engineering Ltd shares will trade ex-split on September 2, 2024 in the ratio of 1:5 implying 1 share will be split into 5 new shares. Current market price of Bondada Engineering shares on BSE is Rs 3444.95 apiece. Bondada Engineering shares offered shareholders attractive returns of 725% year-to-date. Its market capitalisation stood at Rs 7441.80 crore. Check details below:

Bondada Engineering To Go Ex-Split Soon: As per the BSE filing of the company dated August 14, "Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations"), this is to inform you that the Company has fixed Monday, September 2, 2024, as the "Record Date" for determining entitlement of Equity Shareholders for the purpose of subdivision/ split of existing Equity Shares of the Company, such that 1 (one) equity share having face value of Rs. 10/- (Rupees Ten only) each, fully paid up, will be sub-divided into 5 (Five) equity shares having the face value of Rs. 2/- (Rupees Two only) each, fully paid up, ranking pari-passu in all respects."

Bondada Engineering Dividend: Earlier on July 15, Bondada Engineering approved final dividend of Re 0.15 per equity share of the face value of Rs 10 each for the FY 2024. Record date for dividend is July 26, 2024.

Bondada Engineering Shares Performance: Bondada Engineering shares gained 97% in last 3-months, soared 276% in last 6-months, and zoomed 2202% in last 1-year. The 52-week high price of Bondada Engineering share is Rs 3769.90 per share (as on 28/08/2024) and 52-week low price is Rs 148.35 per share (as on 01/09/2023), respectively.

About: BEL is a diverse player in the infrastructure sector. The company is headquartered in Hyderabad and has made its presence felt across India. BEL's specialisation ranges from core services to operations and maintenance services in the infrastructure space.

Disclaimer: The stock highlights record date for stock split, dividend and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.