1700% return in 3 years, defense company shares are being divided into 2 parts, record date at the end of December
The company known for delivering multibagger returns, has informed stock exchanges about its decision to split its ₹10 face value shares into smaller denominations.
Mazagon Dock Shipbuilders Ltd has announced a stock split, which is set to divide its shares into two parts. This change will reduce the face value of the company’s shares from ₹10 to ₹5 per share. Investors looking to benefit from this split need to note that the record date for this significant event has been set for 27 December 2024.
What the Stock Split Means for Shareholders
The company, known for delivering multibagger returns, has informed stock exchanges about its decision to split its ₹10 face value shares into smaller denominations. After the stock split, the face value will be reduced to ₹5 per share. This move aims to enhance liquidity and make shares more affordable to retail investors.
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Record Date and Share Split Details
- Record Date: December 27, 2024
- Face Value: Will be reduced from ₹10 to ₹5 per share after the split
- Impact on Shareholders: Investors holding shares by this date will be eligible for the stock split.
Company’s Track Record of Paying Dividends
Mazagon Dock Shipbuilders Ltd has a strong history of rewarding its shareholders with dividends. This year alone, the company has issued substantial payouts:
- October 30, 2024: Declared a dividend of ₹23.19 per share.
- September 2024: Issued a dividend of ₹12.11 per share.
These consistent payouts underline the company’s commitment to sharing its profits with investors.
Impressive Returns for Investors
Mazagon Dock Shipbuilders Ltd has proven to be a lucrative investment for its shareholders:
- Last 2 Months: Share prices surged by over 20%.
- Last 6 Months: Investors saw a 53% return.
- 2024 YTD Returns: A remarkable 115%.
- 2-Year Growth: Share prices soared by 457.95%.
- 3-Year Growth: A staggering 1736% increase in stock value.
52-Week High and Low
- 52-Week High: ₹5859.95
- 52-Week Low: ₹1797.10
These figures reflect the company’s strong performance and its ability to generate substantial investor interest.
Is the Stock Split a Game-Changer?
Stock splits typically improve liquidity and attract more retail investors by making shares more affordable. While this development is promising, potential investors should remember that stock markets are inherently risky. Expert advice is essential before making any investment decisions.
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