Large Cap Auto Ancillaries Stock To Trade Ex-Dividend For 275% Dividend In 3 Days

Large cap stock from the Auto Ancillaries sector, Bharat Forge Ltd will trade ex-dividend for 275% dividend on July 7, 2023. The Kalyani Group company recommended final dividend of Rs 5.50/- per equity share having face value of Rs 2/- each for the financial year ended on March 31, 2023. Bharat Forge fixed July 7, 2023 as the record date. Bharat Forge shares delivered 8% return in last 3-months and 29% return in last 1-year. Check details below:

Bharat Forge Recommended 275% Dividend: As per the BSE filing of Bharat Forge, "This is further to our letter dated May 05, 2023, wherein it was informed that the Board of Directors of the Company at its meeting held on Friday, May 05, 2023, had inter alia recommended final dividend of Rs. 5.50/- i.e. at the rate of 275% per equity share having face value of Rs. 2/- each for the financial year ended on March 31, 2023, subject to the approval of the shareholders at the ensuing Annual General Meeting ("AGM") of the Company."

The company has fixed Friday, July 07, 2023 as the record date.

Bharat Forge Stock Outlook & Return: Current market price of Bharat Forge stock is Rs 837.25 per share with intraday fall of 0.36% on BSE. Its 52-week high price is Rs 919.50 per share and 52-week low price is Rs 630.00 per share, respectively. The company has a market capitalisation of Rs 38,948.47 crore. In last 1-month, Bharat Forge share offered return of 6%. Bharat Forge stock witnessed a dip of 5% YTD, gave return of 8% in last 2-years, and 133% return in last 3-years.

Bharat Forge Financial Outlook: The company for the quarter ended March 31, 2023 declared its consolidated total income at Rs 3686.85 crore, up 8.76% from the previous quarter total income of Rs 3389.95 crore. It announced its net profit after tax at Rs 128.24 crore in the latest quarter.

Bharat Forge About: The world's largest forging company with manufacturing facilities spread across India, Germany and Sweden, Bharat Forge manufactures a wide range of high performance,critical & safety components for the automotive & non-automotive sector. Technology driven global leader in metal forming having transcontinental presence across eight manufacturing locations, serving several sectors including automotive, power, oil and gas, construction & mining, locomotive, marine and aerospace, according to its official website.

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