Small Cap Stock Soars 14% After Declaring Rs 5/Share Dividend, 1:10 Stock Split

Small cap stock BCL Industries Ltd witnessed a rally of 14% ever since it announced Rs 5 per share dividend and stock split in the proportion of 1:10. The company declared dividend and stock split on May 29, 2023. BCL Industries shares offered return of 58% YTD and 965% in last 3-years. Check details below:

BCL Industries Ltd Declared Dividend & Stock Split: As per the BSE filing of BCL Industries dated May 29, "recommended an equity dividend of Rs. 5 per share of face value of Rs.10/- each i.e. @ 50% for the financial year ended March 31, 2023, on Equity Shares belonging to Public Category as the Promoters & Promoters Group have waived/forgone his/their right to receive the dividend by him/them for financial year 2022-23, which shall be subject to declaration by the Members at the 47th AGM of the Company. The Dividend, if declared at the AGM, shall be paid to the shareholders within 30 days of declaration of the same."

Approved the splitting of the face value of the shares from Rs. 10 to Rs. 1 per share, subject to approval of the shareholders and other statutory approvals.

BCL Industries Ltd Stock Performance & Return: Last trading price of BCL Industries share is Rs 512.40 apiece on BSE. Its 52-week high price is Rs 536.35 per share and 52-week low price is Rs 276.15 per share, respectively. The company has a market capitalisation of Rs 1,237.45 crore.

BCL Industries Return: The shares of the company offered 14% return in last 1-month ever since it declared dividend and stock split on May 29, 2023. The stock was priced Rs 181 on May 29 and now it is priced Rs 207 apiece. BCL Industries shares offered 97% return in last 2-years, 965% return in last 3-years and 444% return in last 3-years.

BCL Industries About: BCL Industries Ltd has grown to become an integrated Industry player with businesses in key Industry verticals - vegetable oil refining, solvent extraction, oil extraction, Distillery-Ethanol Industry, real estate and rice sheller, according to its LinkedIn page.

Disclaimer: The stock witnessed a surge of 14% ever since it declared dividend and stock split. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.