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If you are also a stock market player and your eyes are on PDS Limited, or you are its current investor, then you have a great news! The company has opened a money box for its shareholders. PDS is now going to give ‘seven bonus shares’ to its investors on every stock! Yes, you read exactly well – 7 new shares will be available on 1 stock, that too free! And not only this, the company has also announced the Dividend.
Double-care: 7 bonuses on 1 stock and cash dividend together!
This is really a shocking news! The company has reported that it will issue bonus shares in the ratio of ‘1: 7’. This simply means that if you have 1 share of the company till a record date, then 7 new shares will be automatically added to your demat account. You will get these shares without any additional cost, which will increase your share holding manifold.
And the ‘icing on gold’ is that the company has also declared the ‘final dividend’ of Rs 14.50 per share. So investors are going to get double benefit – free shares and cash money too!
When will this bumper benefit? Note this ‘record date’
The company has set the same ‘record date’ for both bonus stock and dividend – 11 July 2024This date is the most important because on this day, investors whose demat account will be shared by PDS Limited, only those will get the benefit of this bonus share and dividend. If you want to capitalize on this opportunity, then you have to buy shares before July 11 and it should be seen in your account.
Why is this big gift being given?
The company has declared this bonus and dividend on the basis of its best financial performance. In the recently ended fourth quarter, the integrated net profit of PDS Limited increased by 155% to Rs 65.55 crore, which was Rs 25.75 crore in the same period last year. The company’s income has also increased by 21% to Rs 2617 crore. This strong growth of the company has increased the trust of investors. In the last one year, this stock has given a bumper return of about 130% and is currently trading at around Rs 6279.
One reason for giving bonus share is also increasing the liquidity of the share. When the number of shares increases, the price per share is reduced, making it more economical and easy to buy for small investors.
So, if you have not yet invested in this stock or you are the current investor, then mark the record date of July 11 in your calendar. This step of PDS Limited has definitely become a topic of discussion in the stock market!