Stock Split & Dividend Likely to be Announced by this Engineering Company; Stock Rallied Over 10 per cent on Monday with Heavy Volumes!
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The company’s shares have delivered an impressive return of over 140 per cent to its shareholders.
Incorporated in 1907, Jost’s Engineering Company Ltd specializes in material handling and engineered products.
The meeting of the Board of Directors of the Company will be held on Wednesday, August 07, 2024, to consider and approve:
i) The Un‐Audited Standalone and Consolidated Financial Results for the quarter ended 30th June 2024.
ii) The recommendation of a dividend, if any, for the year ended 31st March 2024, for approval by the shareholders at the ensuing Annual General Meeting of the Company.
iii) The proposal to subdivide or stock split the Equity Shares of Jost’s Engineering Company Ltd as determined by the Board of Directors, subject to the approval of the Shareholders and any required authorities.
On Monday Jost’s Engineering Company Ltd shares closed at around Rs 1037.15 per share. The company’s current market capitalization stands at Rs 507.10 crore. The stock has delivered a multibagger return of over 140 per cent in the past 1 year.
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As per the Quarterly Results, in Q4 FY24, Jost’s Engineering Company Ltd recorded a revenue of Rs 61.84 crore. The operating profit for Q4 FY24 stood at Rs 5.16 crore. The net profit for Q4 FY24 was 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.