Bajaj Steel Industries Ltd. shares recently experienced a slight increase of 0.76%, trading at ₹2,950.00 on the BSE. Over the past six months, the stock has delivered impressive returns, skyrocketing by 131%, and it has surged by 155% in 2024 alone. The company has announced plans to issue bonus shares in a 3:1 ratio, with November 12, 2024, set as the record date for determining shareholder eligibility.
Key Details:
- Market Capitalization: ₹1,534.00 crore
- Return on Equity (ROE): 24.38%
- Price-to-Earnings (PE) Ratio: 21.34
- 52-Week High: ₹3,499.75 (as of October 3, 2024)
- 52-Week Low: ₹1,018.00 (as of November 1, 2023)
Performance Summary:
- 1-Year Return: 178%
- 2-Year Return: 243%
- 5-Year Return: 2,567%
Bonus Share Eligibility:
To qualify for the bonus shares, shareholders must hold the shares before the ex-date, which is typically two days prior to the record date. It is crucial for potential investors to be mindful of this timeline to ensure eligibility for the bonus issue.
About Bajaj Steel Industries:
Established in 1961, Bajaj Steel Industries Ltd. is a prominent global engineering company with advanced manufacturing facilities. The company specializes in producing various equipment, including cotton ginning and pressing machinery, electrical panels, hydraulic cylinders, and more.
Disclaimer: The information provided in this summary is for informational purposes only and should not be considered as financial advice. Investing in stocks involves risks, and past performance is not indicative of future results. Please consult with a qualified financial advisor before making any investment decisions.
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