Multibagger stock in focus as Board is likely to announce bonus shares and dividend
The stock is up by 38 per cent from its 52-week low of Rs 381.10 per share and has given multibagger returns of over 200 per cent in 2 years.
A meeting of the Board of Directors of Bright Outdoor Media Ltd is scheduled for Thursday, May 29, 2025. The board will consider and approve the standalone audited financial results for the year ended March 31, 2025, and potentially recommend a final dividend for FY 2024-25. Other key agenda items include a proposed increase in the company's authorised share capital, with a subsequent alteration to its Memorandum of Association, and the recommendation and approval of a bonus share issue to equity shareholders.
Earlier, Bright Outdoor Media Ltd, under the leadership of Dr. Yogesh Lakhani, extended its impact far beyond the advertising world, actively engaging in extensive philanthropic initiatives across Maharashtra in collaboration with the Matoshri Jayaben Himmatlal Shah Charitable Trust. These efforts, driven by Dr. Lakhani's belief in corporate social responsibility, focus on transforming lives through significant contributions to healthcare, education, and basic necessities. Notable projects include establishing dialysis centres that have provided over 70,000 sessions, launching a new air-conditioned library for underprivileged children in Borivali, consistent free food distributions, and providing educational support through notebook distributions and fee sponsorships, all while also offering their advertising spaces for charitable causes.
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Incorporated in 2005, Bright Outdoor Media Ltd specialises in Out-of-Home (OOH) advertising media services, encompassing a wide range of offerings like railway and bus advertising, digital LED screens, mall branding, billboards, and more. Beyond its extensive OOH advertising solutions, the company also engages in real estate trading, involving the sale, purchase, and rental/lease of properties.
On Wednesday, shares of Bright Outdoor Media Ltd plunged 0.79 per cent to Rs 500 per share with an intraday high of Rs 526 and an intraday low of Rs 495. The stock’s 52-week high is Rs 550 per share and its 52-week low is Rs 381.10 per share. The stock is up by 38 per cent from its 52-week low of Rs 381.10 per share and has given multibagger returns of over 200 per cent in 2 years.
Disclaimer: The article is for informational purposes only and not investment advice.