Power Mech Projects Ltd, a small-cap company engaged in civil construction, has announced updates regarding the allotment of bonus equity shares and a dividend declaration. The company has approved a 1:1 bonus issue, meaning eligible shareholders will receive one additional fully paid-up equity share for each share they currently own. The record date for this bonus allotment is set for October 8, 2024.
Additionally, Power Mech Projects has declared a dividend of ₹2 per share, with a record date for the dividend fixed at September 28, 2024. Currently, the shares are trading at ₹3,095, reflecting a decline of 0.83% in today’s trading session. The company’s market capitalization stands at approximately ₹9,785.24 crore.
Power Mech Projects has delivered robust stock performance, offering a 38% return year-to-date and an impressive 195% increase over the last two years. Earlier this year, the company secured a significant order worth ₹850 crore from a subsidiary of Vedanta Talwandi Sabo Power Ltd.
Key Highlights:
- Last Trading Price: ₹3,095
- Market Capitalization: ₹9,785.24 crore
- Bonus Shares Ratio: 1:1
- Record Date for Bonus Shares: October 8, 2024
- Declared Dividend: ₹2 per share
- Dividend Record Date: September 28, 2024
- 52-Week High: ₹3,725 (as of August 23, 2024)
- 52-Week Low: ₹1,671.38 (as of November 2, 2023)
Over the past three years, the stock has shown remarkable growth, gaining 515%, and an impressive 819% return over the last five years since its market debut in 2015 at an initial price of ₹640 per share.
Disclaimer: This information is provided for informational purposes only and should not be considered as financial advice. Stock prices and market conditions are subject to change. Investors should conduct their own research and consult with a financial advisor before making investment decisions.
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