Upcoming Bonus Issue: Cement Stock Likely To Reward Bonus Share, Shares Gain 94% From Lows

Small cap company engaged in the Cement & Cement Products industry, Bigbloc Construction Ltd will hold meeting of Board of Directors today to declare bonus share. Earlier, Bigbloc Construction was supposed to convene meeting of Board on July 19 for bonus issue recommendations but decided to postpone it to July 22, 2023. Current market price of Bigbloc Construction share on BSE is Rs 266.20 per share. Bigbloc Construction shares are currently trading 94% up from 52-week low price of Rs 137.55 per share.

Bigbloc Construction has a market capitalisation of Rs 1884.37 crore. Bigbloc Construction shares offered eye-popping returns of 4243% in last 5-years and 152% in last 2-years. Check key details below:

Bigbloc Construction Likely To Recommend Bonus Issue: As per the BSE filing, Bigbloc Construction will consider and approve increase in authorized share capital of the company, consider & approve issue of bonus share, fix day, date, time, and venue of 9th Annual General Meeting of the Company, and appoint the Scrutinizer for 9th Annual General Meeting of the Company.

Bigbloc Construction Share Performance: The 52-week high price of Bigbloc Construction share on BSE is Rs 293.40 (as on 18/07/2024) and 52-week low price is Rs 137.55 per share (as on 17/08/2023), respectively. Bigbloc Construction shares jumped 45% in last 6-months, soared 62% year-to-date, rose 75% in last 1-year, offered return of 152% in last 2-years, and gained 1131% in last 3-years.

Bigbloc Construction Stock Split History: The cement stock split the face value once since November 15, 2021. Bigbloc Construction last split the face value of its shares from Rs 10 to Rs 2 in 2021.The share traded ex-split as on November 15, 2021.

About: It came into existence in 2015. It is engaged in the manufacturing, sales and marketing of AAC (Aerated Autoclaved Concrete) Blocks. AAC Blocks of the company are marketed in the Brand name of NXTBLOC. It is headquartered in Surat.

Disclaimer: The stock highlights the bonus share 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.