Shares of RITES Limited are in focus today as the company’s stock trades Ex-Bonus and Ex Dividend. The company has announced a ₹5 dividend along with a 1:1 bonus issue for its shareholders. This news has caught the attention of investors in the stock market.
The Ex-Bonus and Ex Dividend trading means that if an investor buys shares of RITES Limited today, they will not be eligible to receive the bonus shares or the dividend. This can affect the trading activity of the stock as investors may adjust their strategies accordingly.
RITES Limited, a public sector company under the Ministry of Railways, is known for providing consultancy services in the transport infrastructure sector. The company has a strong presence in the railway and infrastructure space, which has helped it attract investors over the years.
The announcement of the dividend and bonus issue reflects the company’s strong financial performance and commitment to rewarding its shareholders. Investors will be closely watching the stock’s performance in the coming days to see how the market reacts to these developments.
Overall, the news of the ₹5 dividend and 1:1 bonus issue has put RITES Limited in the spotlight in the stock market today. Investors are advised to stay informed and make well-informed decisions when trading in the company’s shares.