Double Dhamaka: 2:1 Stock Split & 100 Per cent Dividend Announced by this Engineering Company; Stock Rallied Over 10 per cent Today with Heavy Volumes!
The company’s shares have delivered an impressive return of over 470 per cent to its shareholders in just 2 years.
Incorporated in 1907, Jost’s Engineering Company Ltd specializes in material handling and engineered products.
Today, the company has announced a stock split in the ratio of 2:1, meaning each existing equity share with a face value of Rs 2 will be subdivided into 2 new equity shares with a face value of Rs 1 each.
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Additionally, the Board of Directors has recommended a dividend of Rs 2 per equity share of Rs 2 each (100%) for the financial year 2023-24. If approved by the shareholders, the dividend will be paid within 30 days after the conclusion of the Annual General Meeting to eligible shareholders.
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The shares of Jost’s Engineering Company Ltd closed at around Rs 1039.90 per share. The company’s current market capitalization stands at Rs 508.45 crore. The stock has delivered a multibagger return of over 145 per cent in the past 1 year.
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As per the Quarterly Results, in Q1 FY25, Jost’s Engineering Company Ltd recorded a revenue of Rs 56.44 crore. The net profit for Q1 FY25 stood at Rs 3.64 crore compared to Rs 3.19 crore. Looking at the annual performance, the company generated a revenue of Rs 187 crore in FY24. The operating profit for FY24 was Rs 18 crore with a net profit of Rs 10 crore.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.