🎉 Bonus Shares Announcement by Grauer Weil (India) Ltd 🎉
Exciting news for investors! Grauer Weil (India) Ltd has announced the issuance of bonus shares. The company will pay 1 share for every 1 share held as a bonus. With the share price below Rs 200 on the BSE, this presents a great opportunity for investors.
The company has informed the stock exchange that a share with a face value of Rs 1 will be given as a bonus. While the record date for the bonus issue has not been announced, the company has been rewarding investors with dividends since 2007. However, this is the first time bonus shares have been issued.
On Monday, the company’s share price on the BSE was Rs 196.20. In just one year, the company has doubled the money invested by shareholders. This translates to a return of 101%. Investors holding the shares for 6 months have seen a return of 43%.
From an investor’s perspective, the good news is that the company has provided a 14% return in the share market in the past month. The company’s 52-week high is Rs 202 per share, while the low is Rs 88.85 per share. In May 1999, a share of Grauer Weil was only priced at 51p.
The market capitalization of Grauer Weil stands at Rs 4,447.97 crores.
Stay tuned for more updates on the bonus shares announcement!
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