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Multibagger Stock: BSE Limited has announced a record date for buybacks. The company has fixed the record date as 14 September 2023. According to information provided by BSE Ltd, the buyback share price (BSE Ltd Buyback Share Price) has been fixed at Rs 1080. Whereas earlier it was Rs.816. That means the company has increased the prices for buyback.
After paying the dividend of 82 rupees, now the company will distribute the bonus shares
Stocks saw a surge today
On Friday, the share price of BSE Ltd (BSE Share) rose over 6 percent to Rs. touched an intra-day level of 1134.60. The shares are trading at a premium of 5 percent to the company’s buyback price. Which is a good thing for positional investors. Let us tell you that BSE Limited is listed only on NSE.
Company is giving 1 share bonus on 1 share, ex-bonus date today
What is the size of the buyback? (BSE Ltd Buyback Share Price)
According to information provided by BSE Limited, the size of the company’s buyback is Rs. 374 crores will not exceed. The company is buying only 34.70 lakh shares. Which is 2.56 percent of the total share of the company. Let us tell you that earlier in July, BSE Limited had announced that the buyback will be done at the rate of Rs 816.
Double money in 6 months
The share price of BSE Limited has seen a 151 percent increase in the last 6 months. At the same time, investors who bought the stock a month ago have gained more than 32 percent so far.