Consumer Durable Stock Recommends 1:1 Bonus Shares, Rs 12/Share Final Dividend, Soars 183% In 3 Yrs

Blue Star Ltd held a Board meeting on Thursday, May 04, 2023, where it recommended Bonus Shares and a Dividend. It recommended a Bonus share in proportion of 1:1 and a Final Dividend of Rs 12/share. Both the recommended Bonus Shares and Final Dividend are subject to the approval of shareholders.

Board-Recommended Bonus Shares

According to the regulatory filing by the Board of Directors of Blue Star Ltd, "Issue of Equity Bonus Shares in proportion of 1:1 i.e. 1 (One) equity share of Rs 2/- each for every 1 (One) existing equity share of Rs 2/- each held by the shareholders of the Company as on record date, subject to the approval of shareholders by way of Postal Ballot and other statutory/regulatory approvals, consents, permissions, conditions, and sanctions, as may be necessary. In this respect, the record date shall be decided by the Board post approval of the shareholders through postal ballot and thereafter shall be intimated to the Stock Exchanges."

Board-Recommended Dividend

"The Board has recommended a final dividend of Rs 12/- (Rupees Twelve) per equity share of Rs 2/- (Rupees Two) each, on pre-bonus share capital, for the financial year ended March 31, 2023. Consequent to approval of the proposed bonus issue by the shareholders, the dividend shall be adjusted proportionately i.e. Rs 6/- (Rupees Six) per equity share on the increased paid up share capital (i.e. post-bonus share capital)," the company said in an exchange filing.

Stock's Current Market Price, 52-Week Low/High, & Returns

The last traded share price of Blue Star is Rs. 1,436.80/share, down 0.10% from its previous close of Rs. 1,438.25/share.

The stock traded its new 52 week high on 20 March 2023 at Rs. 1,615/share, while it recorded its 52 week low on 4 July 2022 at Rs. 859.05/share.

The stock declined 2.13% in 1 week. It jumped 3.53% in the past 1 month. It gave 27.52% positive return in 1 year. It gave 182.78% positive return in 3 years. It has given 79.66% positive return.

About - Blue Star Ltd.

Blue Star is a leading Consumer Durable Sector stock. It is India's leading heating, ventilation, air conditioning and commercial refrigeration Company. It has a network of 31 offices, 5 modern manufacturing facilities and two new state-of-the-art facilities being set up, 2621 employees, and 3950 channel partners. It is a midcap stock with a market capitalisation of Rs. 13,838.38 crore.

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