GM Breweries skyrockets 12% as board to consider bonus issue, dividend this week
Also Read- Multibagger stock Hindustan Aeronautics scales 52-week high on a large order win worth Rs. 1173 Cr from Cochin Shipyard While the notice for the same was given on March 20,2024 the G. M.
Breweries in its release added that the Board would consider the proposal for issue of Bonus Shares by way of capitalization of reserves, subject to approval from Members of the company. G. M.
Breweries has a history of rewarding shareholders with bonus shares and in the past during 2014 , 2016 and 2018 has also issued bonus shares to the shareholders. However in 2020 the Covid pandemic struck and hence the wait of the investors for the bonus shares now has been too quite long. Looking at the plans of the G.
M. Breweries to reward its shareholders after a gap of almost six year, the investors confidence saw a sharp uptick, leading to a strong gains in the share prices. Also Read-Over 15000% returns in 4 years! This multibagger stock turned ₹1 lakh into ₹1.5 crore Earlier, G.M.
Breweries had declared its December quarter result on the 4th of January 2024. G.M. Breweries during Q3 FY24 had seen its net profits drop by 12.81% year-on-year though its topline grew by 1.48%.
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