Multibagger Stock: The shares of Bigbloc Construction, a smallcap company closed at Rs 255.50 with a gain of 7.11%. During the trading session on Friday July 5, the stock touched a high of Rs 259.40 and low 238.60. The company is going to give bonus shares to shareholders for the first time since listing. Veteran investor Shankar Sharma holds 0.51% stake in this company.
First Ever Bonus Issue for Shareholders
The board directors have scheduled a meeting on July 19 in which the bonus issue will be considered. The small construction company will give bonus shares to shareholders for the first time since its listing if approved in the upcoming meeting.
Apart from that, the company also plans to increase the authorized capital along with the other business. Moreover, the company will fix date for upcoming 9th Annual general meeting.
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Bigbloc Shares has Delivered 4000% in Just 4 years
Let us tell you that Bigbloc construction is a multibagger stock that has given more than 4,000% in the last 4 years. The shares of this company were trading nearly Rs 6 in July, 2020. Now it has crossed the level of Rs 250 and is trading at Rs 255.50 as of Friday, July 5.
In the last 6 months, the stock has offered more than 57.81%. At the same time, it has gained as much as 65.27%. Similarly the shares have climbed more than 1,100% in the last years. With a market cap of Rs 1,793.60 crore, it is currently trading at Rs 255.50. The 52-week high of this share is Rs 284 while 52-week low is Rs 137.55.
Bonus Split and Dividend History
The company has been paying dividends since 2016. It has given a dividend 11 times to shareholders.
If we talk about its split, then Bigbloc construction once split the shares into 1:5 in 2021. However, the company has not issued bonuses since listing, if declared in the upcoming AGM, then it will be first in the history.
Shankar Sharma has more than 300000 shares of the company
Veteran investor Shankar Sharma has bought 3.65 lakh shares of the company in May 2024. This means he holds 0.51% of stake in this cement company. He holds the shares at an average price of Rs 235 per share.
About the Company
Incorporated in 2015, Bigbloc construction is a leading construction company in the cement industry. The company produces cement products also specialized in AAC concrete blocks. The headquarter of the company is situated in Surat.
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