Bharat Seats Ltd, a small-cap company in the auto components and equipment industry, has experienced a notable surge in its share price, rising by 3.39% to ₹198.50 on the BSE today. The company’s market capitalization stands at ₹623.29 crore.
Upcoming Board Meeting
The Board of Directors is scheduled to meet on November 5, 2024, to discuss several important matters:
- Approval of the unaudited financial results for the quarter and six months ending September 30, 2024.
- Consideration of a bonus share issue for shareholders would be significant as the last bonus issue occurred in 2007.
- Discussion on increasing the Authorized Share Capital and amending the Memorandum of Association.
Share Performance
- 1-week return: 22.81%
- 1-month performance: Declined 2%
- 1-year gain: Over 50%
- 2-year gain: 121%
- 3-year gain: 171%
- 52-week high: ₹240.00 (recorded on August 29, 2024)
- 52-week low: ₹125.65 (recorded on March 14, 2024)
Dividend Information
Bharat Seats Ltd has a history of distributing dividends, having recommended 24 dividends since July 26, 2001. In the past year, the company declared an equity dividend of ₹1.60 per share, resulting in a dividend yield of 0.81% at the current share price.
Company Overview
Bharat Seats Ltd is a joint venture involving Suzuki Motor Corporation, Maruti Suzuki India Ltd, and Rohit Relan and Associates. The company focuses on manufacturing complete seating systems, carpets, noise, vibration, and harshness (NVH) components, body sealing parts for both four-wheelers and two-wheelers, as well as seating systems for Indian Railways. Bharat Seats operates five state-of-the-art manufacturing facilities across India, equipped with the latest manufacturing technologies and an in-house NABL-accredited testing and validation laboratory.
The upcoming board meeting will be crucial, particularly regarding the potential bonus share issuance, which could significantly enhance shareholder value.
Disclaimer: This information is for educational purposes only and should not be considered financial advice. Always conduct your own research or consult a financial advisor before making investment decisions.
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