📈 Bharat Dynamics Share Price Soars with Dividend Announcement 📈
Bharat Dynamics Limited is one of the companies that has delivered fantastic returns in the stock market over the past year. The state-owned defense company recently announced a dividend, sparking excitement among experts.
The company’s board of directors met on May 30th and decided to declare a dividend of 85 paisa per share on shares marked at Rs. 5. However, the record date for the dividend has not been announced yet.
On Tuesday (June 11, 2024), the share price of the company rose by 0.32% to trade at Rs. 1,423. The company had split its shares into 2 segments, increasing the face value from Rs. 10 to Rs. 5 per share. In April, the company had also conducted an ex-dividend business and paid a dividend of Rs. 8.85.
By Friday, the company’s share price on the BSE closed at Rs. 1,430.30, showing a 4.41% increase. In the past month, the share price has surged by 51.6%, providing investors who have held the shares for six months with returns of up to 116%.
Over the past year, Bharat Dynamics’ share price has increased by 148%. The company’s 52-week high and low stand at Rs. 1,160 and Rs. 450.50, respectively. With the government holding a 74.9% stake in the company, brokerage firm Choice Broking is bullish on the stock, setting a target price of Rs. 1,560.
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