This Engineering Stock Hits Fresh 52-Week High, Shares Rise 145% in 1 month

The shares of Forbes & Company Ltd are on a rise and today the stock hit its fresh 52-week high.

The Shapoorji Pallonji Group (SP Group) was established in 1865 in India. A globally diversified institution, the SP Group has a leading presence in the sectors of Engineering & Construction, Infrastructure, Real Estate, Water, Energy and Financial Services. Check below key points pertaining to stock outlook of Forbes & Company Ltd:

Forbes & Company Ltd Stock Outlook

Forbes & Company Ltd Stock Outlook: The current market price of the stock is Rs 944 apiece with a gain of 2.93% intraday. The stock opened at 963.60 apiece and reached the day's high at 963.60 apiece. The stock's day low touched Rs 891 apiece.

Forbes & Company Ltd 52-Week High/Low

The stock has climbed Rs 963 apiece when it comes to its 52-week high and registered its 52-week low at Rs 205 apiece. Today the stock has touched its fresh 52-week high at Rs 963 apiece.

Forbes & Company Ltd Return

The stock has given 64% return in just 1 week, 145% return in 1 month, and 151% return in 3 months. It has fallen 67% in 1 year, 44% in 3 years, and 38% in 5 years.

Forbes & Company Ltd Turning Ex-Dividend

The board of directors on August 13 approved special dividend of Rs 65 per equity share. They stated in their BSE filing, "We wish to inform you that the Board of Directors of the Company at their meeting held on August 13, 2022 has approved payment of special interim dividend of Rs. 65 per equity share (650%) and pursuant to Regulation 42 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 has fixed Thursday, August 25, 2022 as the 'Record Date' for the purpose of ascertaining the shareholders who shall be eligible for receipt of special interim dividend."

Therefore, the stock's record date is just 2 days away i.e. August 25. The stock will turn ex-dividend on August 24, 2022.

Forbes & Company Ltd Dividend History

The company has been maintaining a good dividend history and consistently declared dividend in the last 5 years.

Forbes & Company Ltd Market Capitalization

The company has a market capitalization of Rs 1221 crore.

Forbes & Company Ltd Inks Joint Venture With Macsa ID

Earlier this month on August 13, the company's Board gave nod to a proposal to enter into a Joint Venture with Macsa ID for providing innovative laser marking and traceability solutions for the entire range of materials - metals and non-metals.

Forbes & Company Ltd About

The company has a dedicated 69,000 people workforce delivers end-to-end solutions across over 70 countries. The group companies build mega-structures, develop multifaceted iconic landmarks, drive innovative technologies in water management, renewable energy, oil & gas and power, with a focus on good governance and sustainable development, to engineer a better planet.