Midcap Consumer Durable Stock With Over 200% Return In 3 Yrs To Trade Ex-Bonus Tomorrow

Blue Star Ltd. is a Midcap stock operating in the Consumer Durable sector having a market capitalisation of Rs. 14,732.65 crore to trade ex-Bonus on Tuesday, June 20, 2022. The stock recommended the 1:1 Bonus Shares in a Board meeting held on May 04, 2023.

Recently, on June 08, 2023, the Board announced the record date for the recommended Bonus shares as June 20, 2023. The stock has given decent returns over the past 5 years. It gave over 200% return in the past 3 years. Check below to know more:

Bonus Shares

"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," the company said in an exchange filing on May 04, 2023.

Record Date

In an exchange filing on June 08, 2023, the Board of Directors of Blue Star Ltd., said, "In furtherance to our letter dated May 4, 2023 & June 8, 2023 and pursuant to Regulation 42 of Listing Regulations, we wish to inform you that the Company has fixed Tuesday, June 20, 2023 as the record date for ascertaining eligibility of Members who shall be entitled for allotment of bonus equity shares in the ratio of 1:1 i.e. 1 (One) Equity Share of Rs 2/- each for every 1 (One) existing Equity Share of Rs 2/- each."

Stock Movement

On Monday, the stock opened at Rs.1,560 apiece, currently trading at Rs. 1,545.45 apiece, up 1.03% from its previous close of Rs. 1,529.65 apiece on NSE.

The stock traded the 52 week high on 20 March 2023 at Rs. 1,615 apiece and 52 week low on 04 July 2022 at Rs.859.05 apiece, respectively.

It surged 4.9% in the past 1 week, and 7.49% in the past 1 month, respectively. It has given 63.92% positive return in the past 1 year. It gave a robust return on 208.86% in the past 3 years. It gave 136.6% positive return in the past 5 years.

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