Shares of Forbes & Company rose to Rs 758.50 on Thursday. The stock is at a 52-week high. Whereas, the market capitalization is Rs. 978.36 crores.
This company will distribute 650% dividend, 80% increase in share price in just 5 days
The listed Forbes & Company shares have given 80% returns in the last 5 trading days. The company’s shares rose 10 per cent in Thursday’s trading itself. Behind this boom is an important decision of the company. In fact, the board of Forbes & Co. per share is Rs. 65 i.e. 650% special dividend declared. In simple language it means that the company gives Rs. 65 will share the profit.
Forbes & Co. “The Board of Directors of the Company in its meeting held on August 13, 2022 has approved the payment of a Special Interim Dividend of ₹ 65 per Equity Share (650%) in accordance with Rule 42 of SEBI (Listing),” an exchange filing . It has fixed August 25, 2022 as the ‘record date’ for ascertaining the eligible shareholders.
Shares at 52-week high
Shares of Forbes & Company closed on Thursday at Rs 758.50 on continuous gains. The stock is at a 52-week high. At the same time, if we talk about the market capitalization, then it is Rs 978.36 crore.
Let us tell you that Forbes and Company Limited is part of the Indian conglomerate Shapoorji Pallonji Group. It was earlier known as Forbes Gokak Limited. The company’s stock has given a multibagger return of 210% in one year from the level of ₹207 in August last year on BSE.