Introduction:
Railway stock has received in-principle approval from BSE for issuing bonus shares in a 1:1 ratio to shareholders as of December 20, 2024. This approval is contingent on compliance with regulatory requirements, statutory approvals, and other conditions set by BSE and SEBI.
Share Price movement of Bharat Seats Ltd:
On December 10, 2024, Bharat Seats Ltd (BSE : BHARATSE) saw a positive share price movement, opening at ₹224.65, reaching an intraday high of ₹235.00 and low of ₹224.65. The stock closed at ₹231.50, marking a 4.40% increase from the previous close of ₹221.75.
Bharat Seats Ltd Initiatives to consider bonus shares:
Bharat Seats Ltd has received in-principle approval from BSE for issuing bonus shares in the ratio of 1:1 to shareholders as of December 20, 2024. This approval is subject to compliance with SEBI and other regulatory requirements.
BSE has granted approval for the allotment of up to 3,14,00,000 bonus equity shares of Rs. 2/- each, conditional upon submitting the listing application, paying fees, and obtaining necessary statutory approvals from authorities like SEBI, RBI, and MCA.
The allotment will be made only in dematerialized form. BSE reserves the right to withdraw approval if any submitted information is incomplete or incorrect. Non-compliance with SEBI regulations may result in penalties.
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Recent news About Bharat Seats Ltd:
On October 5, 2024, Bharat Seats Ltd reported strong quarterly earnings, citing improved production capacity and demand for its automotive components. The company also revealed ongoing discussions for strategic partnerships to expand its market presence in the automotive sector.
Ace investor holding of Bharat Seats Ltd:
Ace investor Sunita Santosh Goenka holds 3,28,466 shares of Bharat Seats Ltd., representing a 1.05% stake. With the current price at ₹231.5, her holding is valued at ₹7.6 crore, reflecting a slight increase of 0.02% from the previous quarter.
Stock performance of Bharat Seats Ltd for Period of 1 week, 6 months and 1 year:
Bharat Seats Ltd has shown impressive stock performance, with a 10.9% gain over the past week. In the last six months, the stock has surged by 48.7%, and over the past year, it has delivered a robust return of 43.0%, reflecting strong growth and investor confidence.
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Shareholding pattern of Bharat Seats Ltd:
Summary | Sep-24 | Jun-24 | Mar-24 |
Promoters | 74.59% | 74.59% | 74.59% |
DIIs | 0.11% | 0.11% | 0.11% |
Public | 25.31% | 25.30% | 25.30% |
No. of Shareholders | 16,677 | 15,121 | 14,894 |
About Bharat Seats Ltd:
Bharat Seats Ltd is a leading manufacturer of automotive seat systems and components in India. The company supplies to major automobile manufacturers, offering a range of seating solutions, including seats, trim covers, and related components for both domestic and international markets.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.