There has been a stormy rise in the shares of Bajaj Group's company Maharashtra Scooters Limited. The shares of Maharashtra Scooters rose by more than 8 percent on Monday to reach Rs 11428. The company's shares made a new high in 52 weeks. The company's shares rose by more than Rs 900 in a day on Monday. The shares of Maharashtra Scooters closed at Rs 10522.10 on Friday. The company's shares reached Rs 11428 on Monday. Maharashtra Scooters has given the gift of interim dividend to its investors.

1100% interim dividend declared on every share
Bajaj Group company Maharashtra Scooters has announced an interim dividend of 1100% per share for the financial year 2025. That is, the company will give an interim dividend of Rs 110 to investors on each share. Maharashtra Scooters has fixed the record date for interim dividend as 25 September 2024. The company has stated in the exchange filing that this dividend will be paid to the shareholders on or around 10 October 2024. This year the company announced a final dividend of Rs 60 for the financial year 2024. The company had given an interim dividend of Rs 110 in September last year.

what the company does
Maharashtra Scooters manufactures automobile parts and equipment. The company manufactures pressure dies, casting dies, jigs and fixture products for two and three-wheelers.

The company's shares have jumped more than 65% in 6 months
Shares of Maharashtra Scooters have climbed more than 65 percent in the last 6 months. The shares of this Bajaj Group company were at Rs 6810.45 on March 18, 2024. The company's shares have reached Rs 11428 on September 16, 2024. The company's shares have jumped more than 23 percent in the last one month. The company's shares were at Rs 9175.45 on August 16, 2024, which crossed Rs 11400 on September 16, 2024. So far this year, the company's shares have seen a rise of 55 percent.