Bharat Seats Ltd, a prominent small-cap player in the auto components and equipment sector, recently saw its stock rise by 3.39%, reaching a current price of ₹198.50 on the BSE. With a market cap of ₹623.29 crore, the stock has provided a solid 22.81% return over the last week alone and has surged by 121% in the past two years.
On November 5, 2024, Bharat Seats’ Board of Directors will convene to review the company’s unaudited financial results for the quarter and six-month period ending September 30, 2024. The board will also discuss a potential bonus share issuance, marking the company’s second-ever bonus issue since its 1:1 bonus in 2007.
Bharat Seats, a joint venture between Suzuki Motor Corporation Japan, Maruti Suzuki India Ltd, Rohit Relan, and Associates, focuses on manufacturing complete seating systems and various auto components for four-wheelers, two-wheelers, and the Indian Railways. Operating five advanced manufacturing facilities across India, the company employs state-of-the-art technologies and houses an in-house NABL-accredited testing and validation laboratory.
Key Stock Information:
- 52-week High: ₹240.00 (as of August 29, 2024)
- 52-week Low: ₹125.65 (as of March 14, 2024)
- Dividend Record: 24 dividends since 2001, with a recent annual yield of 0.81% at ₹1.60 per share.
In addition, Maruti Suzuki India Ltd. holds a 14.81% stake in Bharat Seats, underscoring the company’s strong ties within the auto sector. With impressive growth rates, a new potential bonus issue, and consistent shareholder returns, Bharat Seats remains a robust performer in the competitive auto components industry.
Disclaimer: This summary is for informational purposes only and does not constitute financial advice. Investment decisions should be made based on individual circumstances and thorough research. Please consult with a financial advisor before making any investment choices.
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