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Bonus Share 2023: Shares of Madhya Bharat Agro Products Limited (Madhya Bharat Agro Products Limited or MBAPL) are in focus today. The company’s stock rose nearly 3% to Rs. 666 happened. The stock has risen after the announcement of bonus shares. In fact, the company has announced bonus shares for its shareholders in the ratio of 1:1. It has been approved by the board member of the company. This means that the shareholders of the company will get one bonus share for every share they own. Please note that the record date of the bonus shares has not been fixed yet.
A dividend paying company
The board of the company has added bonus shares in its authorized capital in the ratio of 1:1 to the earlier Rs. 50 crore to Rs. 110 crore has also been considered and approved. Also, the board has decided to pay per share Rs. Also set a record date of September 19 for final dividend payment of 0.5%. Madhya Bharat Agro is a fertilizer manufacturer and distributor based in Rajasthan. The current market cap of the company is Rs. 3,000 crores is around.
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Company shares
The stock is up nearly 17 percent so far this year. In 2022, the stock gained up to 525 percent. At the same time, it has increased by 1,741.55 percent in the last 3 years. The company’s stock has given a maximum return of 4,163.05%.