10:1 Stock Split: 343% RETURNS! Multibagger agro company's shares to become affordable! Check company name, record date

10:1 stock split: 343% returns! multibagger agro company’s shares to become affordable! check company name, record date bhagiradha chemicals and industries stock split

10:1 Stock Split: Bhagiradha Chemicals and Industries is a company that operates in the agrochemical manufacturing industry. The company’s stock closed in the green around Rs 1,939.25, up by 1.18 per cent. The stock opened at Rs 1,924.90 apiece on April 26 and witnessed an intraday high of Rs 1,950.75 apiece. The company has announced a stock split from Rs. 10/- to Rs 1 per share.

Bhagiradha Chemicals and Industries Record Date

Bhagiradha Chemicals and IndustriesGroup’ shares will turn ex-split, in the ratio of 10:1. The ratio leads to one share of the company having a face value of Rs 10/- to be divided into two shares of the company having face value of Rs 5 each. The company has declared that May 2 will be the ex-date and the record date for the stock split.

“..Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that, the Board of Directors of the Company through resolution passed by circulation today i.e April 12, 2024, have fixed “Thursday, May 02, 2024” as the “Record Date” for the purpose of sub-division/ split of existing Equity Shares of the Company, such that 1 (one) equity share having face value of Rs. 10/- (Rupees ten only) each, fully paid-up, be sub-divided/split into 10 (Ten) equity shares having face value of Re.1 /- (Rupee One Only) each, fully paid- up, ranking pari- passu in all respects, pursuant to the shareholders’ approval received through postal ballot by way of remote e-voting on Wednesday, April 10, 2024 (being the last date of remote evoting),” the company said via a regulatory filing.

When a company declares a stock split, the number of shares of that company increases, but the market capitalisation of the company remains the same. Existing shares split, but the underlying value remains the same. As the number of shares increases, price per share goes down.

Bhagiradha Chemicals and Industries Share Price History

Bhagiradha Chemicals and Industries Ltd commands a market cap of Rs 2,003.68 crore on the BSE. The stock has a 52 week range of Rs 2,174 – Rs 1,100, according to the BSE website on April 26. As per BSE Analytics as on April 26, Bhagiradha Chemicals and Industries Ltd’s stock has traded northward by 21.04 per cent in one month, in three months the stock has climbed 29.50 per cent. In six months the stock has climbed 32.18 per cent. In two years the stock has given multibagger returns of 103.78 per cent. In three years the stock has given multifold returns of 343.63 per cent in three years.

Bhagiradha Chemicals and Industries Dividend History

Companies pay a dividend as a reward to their investors for their investment in the business. A dividend is calculated and paid on the face value of each stock. The current face value of Bhagiradha Chemicals and IndustriesGroup’s shares is Rs 10. The Companies Act specifies that dividends need to be paid on or within 30 days from the date that they are declared. In 2023, the company paid a dividend of Rs 3 per share in July. In 2022, the company paid a dividend on two occasions, once of Re 1 per share in November and once of Rs 2 per share in August. In 2021, the company paid a dividend of Re 1 per share in November. In 2019, the company paid a dividend of Rs 2 per share in August.

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