KBC Global Ltd shares will be in spotlight on February 17, 2025 as the company today recommended 1:1 bonus shares for its shareholders. Last trading price of KBC Global shares on Bombay Stock Exchange (BSE) stood at Rs 1.11 per share. The stock on February 14, 2024 hit its 4th consecutive 52-week low value on BSE.
The scrip witnessed decline of 16.54% in last 2-weeks and slipped over 46% in last 1-year when Sensex fell 2.01% and gained 5.73%. The company has a market capitalisation of Rs 288.79 crore. It offers a return of equity of -5.88%. Check more details below:
KBC Global Recommends Bonus Share
According to the exchange filing of KBC Global dated Feb 15, 2025, “the Board of Directors at their meeting held today i.e. Saturday, February 15,2025 inter-alia considered and approved the following:
Recommendation of issuance of fully paid up Bonus Share in the ratio of 1:1 i. e. 1(One) Equity Share for every 1 (One) fully paid up Equity Shares of Rs. 1/- each subject to approval of the shareholders of the Company.
The Company will inform in due course, the “Record Date” for determining shareholders entitled to receive Bonus Shares. The detailed disclosure as required under Regulation 30 of the SEBI
KBC Global To Change Name:
The BSE filing added, “change of name from KBC Global Limited to Dharan Infra-EPC Limited or such other name as approved by ROC. The previous name suggested by the board is not approved due to non-availability.”
The company also informed the exchange filing about appointment of Mr Naresh Karda as Chairperson of KBC Infrastructure Limited, UK based wholly owned subsidiary.
KBC Global Shares Performance
The 52-week high price of KBC Global shares on BSE stood at Rs 2.56 per share (as on 07/11/2024) and 52-week low price is Rs 1.08 per share (as on 14/02/2025), respectively. KBC Global shares slipped 32.73% in last 1-month, declined 54.32% in last 1-year, and fell over 64% in last 2-years. The shares of the company have been
Why KBC Shares Witnessing Steep Fall
The stock has been falling over the years. KBC Global shares saw significant decline of 35.84% year-to-date. In the India, construction and cement sector underperformed. Cement industry witnessed sluggish growth as a result of poor capital expenditure specifically in the infra projects. Meanwhile, decline in government capex reportedly led to the fall in the shares and the ongoing market sentiments also contributed to decline spree. Meanwhile, capex of statement government witnessed dip as well. As per reports, the all-India cement demand growth the whole year is likely to remain in the range of 4% – 5%.
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