1:1 Bonus Share: Fertiliser Co Set To Reward Shareholders, Shares Up 1926% In 3-Yrs

Small cap stock operating in fertilisers sector Madhya Bharat Agro shares will trade ex-bonus on October 20, 2023 for 1:1 bonus issue. The company on October 7, 2023 fixed October 20, 2023 as the record date for bonus issue. Last trading price of Madhya Bharat Agro stock on NSE is Rs 608.55 per share. Madhya Bharat Agro shares soared 1926% in last 3-years. Check details below:

Madhya Bharat Agro To Go Ex-Bonus On October 20, 2023: As per the NSE filing of the company dated October 7, "We would like to inform you that Pursuant to regulation 42 of SEBI (Listing obligation and disclosure requirement) Regulation, 2015 company has fixed 20th October 2023 as the record date for the purpose of ascertaining the eligibility of shareholders for issuance of Bonus Equity Shares of the Company in the proportion of 1 (One) new fully paid-up equity shares of Rs. 10/- (Rupees Ten only) each for every 1 (One) fully paid-up existing equity share of Rs. 10/- (Rupees Ten only) each held, with the approval of shareholders which is being obtained vide ordinary resolution passed at 26th Annual General Meeting dated on 26th September 2023."

Madhya Bharat Agro Traded Ex-Dividend On Sept 18: Earlier this year the company announced final dividend of Re 0.50 per share on the fully paid-up equity shares of Rs 10 each of the company. Board of directors considered and fixed date 19th September 2023 as a Record Date (Cut-off Date) for the purpose of the payment of final dividend and ascertaining the member eligible for e- voting at Annual General Meeting.

Madhya Bharat Agro Stock Outlook & Return: Current market price of the NSE-listed stock is Rs 608.55 per share. The stock's 52-week high price is Rs 694.70 per share and 52-week low price is Rs 437.50 per share, respectively. Its market capitalisation is Rs 2,671.53 crore. Madhya Bharat Agro shares fell 4.27% in last 3-months, offered return of 26% in last 1-year, gave a rally of 1926% in last 3-years, and surged 2629% in last 5-years.

Madhya Bharat Agro Financials: Madhya Bharat for the quarter ended June 30, 2023 announced a decline of 36.13% in its standalone total income at Rs 150.09 crore as compared to its last quarter total income of Rs 234.98 crore. The company declared its latest quarter net profit after tax at Rs 7.24 crore.

About Madhya Bharat Agro: Madhya Bharat Agro Products Limited is engaged in the production of Beneficiated Rock Phosphate (BRP), single super phosphate, DAP/NPK complex fertilisers, potash, prom for agricultural purposes, Sulphuric acid and other important chemicals. It began its journey in 1997 and soon integrated into the prestigious Ostwal group in 2004, as per its official website.

Disclaimer

The stock just highlights the bonus issue and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.