V-Mart Retail has called a board meeting to consider a proposal for bonus shares and dividends. Stock prices surged over 5%, offering investors a double benefit.
Bonus Share: V-Mart Retail Limited (V Mart Retail), operating a retail chain across numerous Indian cities, has made a significant announcement for its investors. The company announced on Tuesday (April 29th) that its Board of Directors will consider proposals for Bonus Shares and a Dividend at their meeting next month. Following this news, V-Mart's Stock Performance saw a surge of over 5%, evident from the market opening on Wednesday (April 30th).
Board Meeting and Bonus Share Proposal
V-Mart confirmed that their board meeting will be held on May 2nd, during which the Bonus Shares proposal will be discussed. The results for the January-March quarter will also be announced. The company also stated that a Conference Call will be held on May 5th for analysts and investors.
Dividend also Likely
Along with Bonus Shares, V-Mart may also announce a Dividend. Considering the company's dividend history, investors are likely to receive a Dividend. The last dividend of ₹0.75 per share was distributed in August 2022.
V-Mart's Stock Performance
V-Mart's stock has shown mixed performance recently. It is trading 27% below its high, but has seen a 12.73% increase in the last month. Over three months, it's up 6.37%, while over six months it's down 26.46%. However, it delivered a b 52.33% return over the past year. Its 52-week high is ₹4,517.30 and its 52-week low is ₹2,058.70.
Considering Investing in V-Mart?
If you are already a V-Mart investor, this is excellent news. The prospect of Bonus Shares and a Dividend could yield significant returns. If you are considering investing in V-Mart stock, remember that despite facing some recent challenges, it has shown positive movement.
