Bonus Issue: Small Cap Stock Likely To Declare Bonus Share, Record Date For Dividend

Small cap stock Madhya Bharat Agro Products Ltd that has delivered shareholders 1727% return in last 3-years is likely to announce bonus shares next week. The stock operates in fertilisers sector. Last trading price of Madhya Bharat Agro share is Rs 631.00 apiece as on August 25, 2023. Board of directors of Madhya Bharat are scheduled to hold a meeting on August 29 to consider bonus issue proposal. Below are more details about bonus issue and Madhya Bharat Agro Products Ltd:

Madhya Bharat Agro Products May Announce Bonus Share & Record Date For Dividend: As per the NSE filing of the 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 Stock Performance & Return: In last 1-year, Madhya Bharat Agro shares soared 52% and gained 1727% in last 3-years. In last 5-years, Madhya Bharat Agro stock witnessed a surge of 2585%. Last trading price of Madhya Bharat Agro share is Rs 631.00 apiece. Its 52-week high price is Rs 694.70 apiece and 52-week low price is Rs 385.50 apiece, respectively. Its market capitalisation is Rs 2,76,463.00 lakhs.

Madhya Bharat Agro Recent Financial Performance: 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.

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