1:2 Bonus Issue, 1750% Interim Dividend: 2 Multibagger Stocks Fix Record Date

2 Stocks have fixed record date for 1:2 bonus issue and interim dividend of Rs 17.50 per share. Small cap company Precision Wires India Ltd has declared record date for 1:2 bonus issue while large cap stock, Vedanta Ltd has fixed record date for the payment of 3rd interim dividend of Rs 17.50 per share. Check key takeaways below:

1. Precision Wires India Ltd Sets Record Date For 1:2 Bonus Issue

The board of directors of the company said in the BSE filing today, "Pursuant to Regulation 42 of Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that Thursday, 22nd December, 2022 is fixed as the Record Date, for the purpose of ascertaining the eligibility of shareholders for issuance of Bonus Equity Shares of the Company in the proportion of 1 (One) new fully paid up equity shares of Rs. 1/- each for every 2 (Two) fully paid up existing equity share of Rs. 1/- each held, subject to the approval of Members which is being obtained by way of Postal Ballot through remote e-voting. The result of Postal Ballot will be declared on Wednesday, 14th December, 2022."

The record date is Thursday, 22nd December.

2. Precision Wires India Ltd Stock Performance, Return, & Market Capitalisation

The current market price of the stock is Rs 103 apiece with 52-week high quoted at Rs 131 apiece and 52-week low quoted at Rs 54 apiece, respectively. The company has a market capitalisation of Rs 1196 crore.

The stock has given return of 123% in last 5-years, 234% in last 3-years, and 71% in last 1-year. It operates in Metals-Non Ferrous sector and the company was incorporated in 1989.

3. Vedanta Ltd Fixes Record Date To Pay 1750% Interim Dividend

Vedanta Ltd has approved 3rd interim dividend of Rs 17.50 per equity share on November 22, 2022. The board of directors of the large cap company has decided the record date as November 30, 2022. The Board of directors of the company stated in the BSE filing, "In continuation to our Letter No. VEDL/Sec./SE/22-23/153 dated November 17, 2022 and pursuant to Regulation 30 of Listing Regulations, we wish to inform you that the Board of Directors of the Company through resolution passed by circulation on Tuesday, November 22, 2022 have approved Third Interim Dividend of ₹ 17.50 per equity share i.e. 1750% on face value of Re. 1/- per share for the Financial Year 2022-23 amounting to c. ₹ 6,505 crores."

The record date for the payment of dividend has been fixed as Wednesday, November 30, 2022.

4. Vedanta Ltd Stock Performance, Return, & Market Capitalisation

The current market price of the stock is Rs 307 apiece with an intraday dip of 0.79%. The stock's 52-week high is Rs 440 apiece and 52-week low is Rs 206 apiece. The company has a market capitalisation of Rs 1,14,340 crore.

The large cap company operates in Diversified sector and came into existence in 1965. The stock has declined less than 1% in last 5-years and gained 116% in last 3-years.

 

Disclaimer

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