₹₹₹Diversified PSU Balmer Lawrie and Company Ltd.'s board is scheduled to meet on Friday, May 28, 2024, to consider the recommendation of a dividend on equity shares of the company for the financial year 2024, along with its March quarter results.Besides, the company is also expected to consider a share buyback, approve a bonus issue of shares as well as a split of its equity shares.If approved, this will mark the first instance of a stock split by the company.Previously, Balmer Lawrie and Company had approved a bonus issue in the ratio of 3:4 in 2013, 3:1 in 2016, and 1:2 in 2019.The company, under the ownership of Ministry of Petroleum and Natural Gas, had also approved a dividend of7.5 per share last year, and6.5 per share in 2022.At 1:30 pm, the Miniratna PSU stock was trading at280.20, up 3.51% on the National Stock Exchange.
The stock has also been a multibagger, delivering over 125% returns in the past year.
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Diversified PSU Balmer Lawrie and Company Ltd.'s board is scheduled to meet on Friday, May 28, 2024, to consider the recommendation of a dividend on equity shares of the company for the financial year 2024, along with its March quarter results.Besides, the company is also expected to consider a share buyback, approve a bonus issue of shares as well as a split of its equity shares.If approved, this will mark the first instance of a stock split by the company.Previously, Balmer Lawrie and Company had approved a bonus issue in the ratio of 3:4 in 2013, 3:1 in 2016, and 1:2 in 2019.The company, under the ownership of Ministry of Petroleum and Natural Gas, had also approved a dividend of7.5 per share last year, and6.5 per share in 2022.At 1:30 pm, the Miniratna PSU stock was trading at280.20, up 3.51% on the National Stock Exchange. The stock has also been a multibagger, delivering over 125% returns in the past year.
