Bonus, Dividend Announcement Likely; Small Cap Fertilisers Stock Rallies Over 1900% In 3-Yrs

Board of directors of small Cap stock operating in fertilisers sector Madhya Bharat Agro Products Ltd will hold a meeting on August 29, 2023 to consider and approve bonus shares and dividend, among others. Madhya Bharat Agro Products shares offered shareholders return of 1916% in last 3-years. Check details below:

Madhya Bharat Agro Products Likely To Declare Bonus Share & Dividend This Week: According to exchange filing of the NSE-listed company, Madhya Bharat Agro Products Limited informed the Exchange about Board Meeting to be held on 29-Aug-2023 to consider the proposal to issue bonus shares to the equity shareholders, to fix the book closure dates and record dates for the payment of the final dividend, and to consider and approve an increase in authorized share capital, among others.

Madhya Bharat Agro Products Stock Price & Return Over Years: Last trading price of Madhya Bharat Agro Products share is Rs 631.20 apiece with intraday decline of 1.10% on NSE. Its 52-week high price is Rs 694.70 per share and 52-week low price is Rs 385.50 apiece, respectively. Madhya Bharat Agro Products company has a market capitalisation of Rs 2,76,550.62 lakhs. Madhya Bharat Agro shares jumped 6% in last 3-months, gained 57% in last 1-year, and soared 2709% in last 3-years.

Madhya Bharat Agro Financial Outlook: The company for the quarter ended June 30, 2023 declared its standalone total income at Rs 150.09 crore, down 36.13% as against its last quarter total income of Rs 234.98 crore. It announced its recent quarter net profit after tax at Rs 7.24 crore.

Madhya Bharat Agro About: Madhya Bharat Agro Products Limited (MBAPL) is a leader 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. While the company started its journey back in 1997, it was integrated into the prestigious Ostwal group in the year 2004. Since then, the company has created a name for itself and have achieved wonders in helping the agriculture sector to flourish and reduce the foreign dependency, according to its official website.

Disclaimer: The stock just highlights the dividend & 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 ay losses. Please consult a professional advisor.