NBCC's gift, will consider giving bonus shares!!!

Public sector construction company NBCC is going to give a big gift to its shareholders. NBCC is going to consider giving bonus shares to its investors. The company has informed that a meeting of the Board of Directors has been called on Saturday, august 31, 2024 this week, in which the giving of bonus shares to the shareholders will be considered.

Shareholders will get the gift of bonus shares

In a regulatory filing filed with the stock exchange, NBCC said that a board meeting has been called to consider the proposal to issue bonus shares. Under SEBI's Listing Obligations and Disclosure Regulations 2015, the company has informed that the board meeting will be discussed on Saturday, december 31, 2024 on giving bonus shares to the shareholders of the company. The company said that the ratio of giving bonus shares will be considered as per the capitalization of the company reserve and approval of the shareholders will also be taken on this decision. With this announcement of NBCC, all designated persons and their relatives will be prohibited from trading in the stock from august 28, 2024 till 48 hours after the board meeting.

NBCC gave 118 percent return in 2024

NBCC has given this information to the stock exchanges after the market closed. Earlier in Tuesday's trading session, the company's stock closed at Rs 177.64 with a jump of 0.94 percent. By the way, NBCC's stock is a multibagger stock which has given tremendous returns to the investors. In the current year 2024, NBCC's stock has jumped 118 percent in 8 months. Whereas in one year the stock has given a multibagger return of 262 percent, and 425 percent in 2 years. The lowest price level of the stock in the last 52 weeks was Rs 49 while the stock has made a high of Rs 198.30.