Re 0.15/Sh Dividend: Engineering Stock Hits 52-Week High, Shares Gain 247% YTD

Small cap company engaged in engineering sector, Balu Forge Industries Ltd shares today jumped 11.35% to Rs 856.65 per share. Balu Forge Industries shares today hit fresh 52-week high. Earlier, Balu Forge Industries fixed September 20, 2024 as the record date for final dividend of Re 0.15/- per equity share of Rs 10/- each for financial year 2023-24. Balu Forge Industries shares offered 200% return in last 3-months. The company has a market capitalisation of Rs 9021.33 crore. Check details below:

Balu Forge Industries Sets Record Date For Dividend: As per the regulatory filing of Balu Forge Industries dated September 6, 2024, "we wish to inform you that the Board of Directors of the Company at their meeting held today, i.e., on Friday, September 06, 2024, has fixed the Record Date / Cut-off Date as Friday, September 20, 2024, for the purpose of determining the entitlement of the shareholders for the final dividend. The final dividend, if approved by the shareholders at the ensuing AGM (to be held on September 30, 2024), will be paid/ dispatched within the statutory time limit from the date of approval by the shareholders."

Balu Forge Industries Dividend: The Board of Directors of the company on July 30 recommended a final dividend of Rs. 0.15/- per fully paid up equity share of Rs. 10/- each to the shareholders of the Company for the Financial Year 2023-24.

Balu Forge Industries Shares Performance: The 52-week high price of Balu Forge Industries shares on BSE is Rs 864.15 (as on 09/09/2024) and 52-week low price is Rs 154.55 per share as on (14/03/2024), respectively. Balu Forge Industries shares offered attractive returns of 48% in last 1-month, gained 309% in last 6-months, offered return of 312% in last 1-year, and zoomed 1234% in last 2-years. In last 5-years, Balu Forge Industries shares surged 2059%.

Balu Forge Industries About: It is engaged in the manufacturing of crankshafts. Balu Forge produces and markets forged crankshafts and components for a vast range of applications that include automotive, agricultural, marine, and industrial, among others. Balu is now an avant-garde manufacturer of fully finished and semi-finished forged crankshafts and Forged Components.

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