5500% rally in one year! Multibagger Stocks to Consider Bonus Shares, Stock Splits and Dividends

Shares of Bharat Global Developers Ltd (BGDL) rose 5 percent ₹1,045.70 after the company said its board of directors will meet on November 18 to discuss a stock split, the issuance of bonus shares and a dividend proposal.

The stock was stuck in the 5 percent higher circuit for the tenth straight session and is up about 63 percent since October 30.

The company stated that it will consider issuance bonus shares in the ratio 10:8, meaning that for every ten shares, shareholders could receive eight additional shares, reflecting BGDL’s strong financial reserves. In addition, the board plans to conduct an evaluation stock split of up to 1:10 to make shares more affordable and increase market liquidity.

“The Board of Directors will deliberate on the issuance of bonus shares of up to 10:8. If approved, shareholders would receive up to 8 additional shares for every 10 (ten) shares owned. “This proposal reflects BGDL’s robust reserves and is intended to reward loyal shareholders by increasing their holdings at no additional cost, underscoring our confidence in the company’s growth prospects,” the company said in a stock exchange filing.

The Board of Directors will also consider a proposal for a share split of up to 1:10, subject to necessary approvals, the company added.

“The purpose of the stock split is to reduce the share price per unit, making BGDL shares more accessible and affordable to a wider range of investors. By increasing the number of shares outstanding, this move is expected to improve trading liquidity and tradability of shares. BGDL shares,” the company further said.

A potential dividend A declaration of up to 100 percent is also on the agenda, demonstrating BGDL’s commitment to profit sharing and strong financial strength.

“The Board of Directors will investigate the possibility of paying a dividend of up to 100%. If approved, this proposal would deliver a significant return on investment for shareholders, demonstrating BGDL’s commitment to profit return and highlighting the company’s strong financial position and consistent cash flow,” the filing said.

The company further emphasized that these proposed actions reinforce BGDL’s commitment to creating long-term shareholder value and promoting strong investor engagement. By combining a potential stock split, bonus shares and a dividend, BGCDL aims to reward investors, increase market liquidity and strengthen its position as a supplier of choice. investment choice.

Stock performance overview

BGDL shares have delivered multibagger returns of more than 5,500 percent in the past year, with an increase of 1,817 percent in 2024 alone. The stock is up 48 percent so far in November, after a 3 percent dip in October. The stock previously rose 178 percent in September and 38 percent in August.

Currently, BGDL’s share price is just over 2 percent below its peak ₹1,069.60, achieved in October 2024, rising from the 52-week low of ₹18.66 recorded in November last year.

Other recent developments

Bharat Global Developers recently announced significant progress for its AgriTech division, which has bagged its first major order from McCain India Agro Pvt Ltd. This order, worth approx ₹300 crore includes supply of 200,000 tonnes of Kufri Ashoka potatoes for six months starting this financial year. The company highlighted this as a crucial achievement for Bharat Global AgroTech Pvt Ltd, strengthening its footprint in the Indian agriculture sector.

BGDL also informed the stock exchanges that its board will meet on November 13, 2024 to review and approve the financial results for the quarter ending September 2024 (Q2FY25).

The company highlighted its strong position as a key player in the Indian agricultural supply chain and expressed optimism about its future growth prospects. BGDL reiterated its commitment to expand within the AgriTech sector. Bharat Global Developers Ltd was previously known as Kkrrafton Developers Ltd.

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