Re 1/Sh Dividend: Electrical Stock Approves 1:10 Stock Split, Shares Zoom 292% YTD

Small cap company engaged in household appliances sector, Wonder Electricals Ltd shares gained 5.20% on BSE at the time of writing the story after the Board of Directors approved stock split. Board of today gave nod to 1:10 stock split after declaring Re 1/- per equity share dividend on August 12. Current market price of Wonder Electricals shares on BSE is Rs 1569.80 per share. Wonder Electricals has a market capitalisation of Rs 2097.23 crore. Wonder Electricals shares offered eye-catching returns to shareholders with shares zooming 373% in last 6-months only. Check details below:

Wonder Electricals Approves Stock Split: As per the BSE filing of Wonder Electricals issued on August 22, 2024, "This is to inform the Stock Exchanges that the Board of Directors of the Company at it's meeting held today, i.e. Thursday, August 22, 2024 at the registered office of the Company, inter alia, approved Subdivision/ split of every one equity share of face value of Rs. 10/- (Rupees ten only) each, fully paidup, into 10 (Ten) equity shares of face value of Rs. 1 /- (Rupee one only) each, fully paid-up, and consequent alteration in capital Clause V of the Memorandum of Association of the Company, subject to approval of shareholders at the ensuing Annual General Meeting ("AGM")."

Wonder Electricals Dividend: According to August 12, 2024 BSE filing of the company, "2. Recommended Final Dividend of 10% i.e. Rs. 1 per equity share on the face value of Rs. 10/- each for the financial year ended March 31, 2024, subject to the approval of the shareholders in the forthcoming 15th Annual General Meeting of the Company ('15 AGM').

Wonder Electricals Sets Record Date For Dividend: The BSE filing added, "The record date for the purpose of payment of Dividend to equity shareholders is Wednesday, September 18, 2024."

Wonder Electricals Shares Performance: The 52-week high price of Wonder Electricals shares on BSE is Rs 1606.90 per share (as on 13/08/2024) and 52-week low price is Rs 210.55 per share (as on 25/08/2023), respectively. Wonder Electricals shares surged 38% in last 3-months, soared 583% in last 1-year, and gained 1081% in last 2-years.

Wonder Electricals About: It is engaged in the manufacturing and supplying of fans to several leading firms in India, which subsequently distribute these products under their own brands. It manufactures ceiling fans, exhaust, pedestaland brushless DC (BLDC) fans, etc. All the parts & components of the fans are tested stringently at their in-house quality management lab to ensure their flawless performance.

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The stock highlights the stock split and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.