Forbes & Company Limited, formerly known as Forbes Gokak Limited.
The stock has given investors around 111 percent returns in the last one month.
Forbes & Company has declared a special dividend of Rs 65 per share i.e. 650%.
New Delhi. Forbes & Company stock, which has been delivering multibagger returns for the past year, hit the 10 percent upper circuit on Friday, August 19. This stock also hit the upper circuit yesterday. With today’s boom, this multibagger stock also hit its record high. At the end of trading today, the stock of Forbes & Company closed at Rs 834.35 on the BSE with a ten percent gain. In just five trading sessions, this stock has gained nearly 90 percent.
Forbes & Company Limited, formerly known as Forbes Gokak Limited, is one of the oldest still existing companies in the world. The company is active in engineering industrial automation, consumer durables (water and air products), chemical tanker manufacturing and real estate. Forbes & Company is a part of Shapoorji Palonji Group. Forbes & Company Limited has manufacturing units in Aurangabad Thane in Maharashtra and Mumbai and Hosur in Tamil Nadu.
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220% return in one year
Forbes & Company stock has been making investors rich for a long time. The stock has given investors around 111 percent returns in the last one month. Similarly, this stock has gained 115.54 percent in the last six months. In 2022, this stock has jumped 159 so far. In one year, this multibagger stock has returned 220 percent to its investors.
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So the rocket became stock
Forbes & Company has declared a special dividend of Rs 65 per share i.e. 650%. The stock has fallen sharply since the dividend announcement. The board of the company declared the special dividend in its meeting held on August 13, 2022. The record date for this has been fixed on August 25, 2022. Not only that, the company’s board has also approved a proposal for a joint venture with Maxa ID.
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Tags: Multibagger Stocks, capital market, Stock tips
First Published: August 20, 2022, 08:05 IST