Dividend record date today! 2:1 bonus shares history, 500% returns in 5 years; do you own this multibagger stock?
Multibagger stocks in India: Shares of Elecon Engineering Company Ltd are trading ex-date to finalise the list of eligible shareholders for the payment of the ₹0.50-per-share interim dividend. The company board has declared the dividend record date on 21 October 2026. So, Elecon Engineering shares would also be under the spotlight of investors who look at returns beyond stock movements. For such investors, the ex-date for the dividend payment is crucial, as it is the last day to buy or accumulate additional company shares to be eligible for the cash reward. Interestingly, Elecon Engineering shares have a track record of delivering whopping returns to its shareholders. It is among the multibagger stocks on Dalal Street, having rallied 500% in five years.
The company board had informed about the interim dividend through an exchange filing, saying, “In terms of the subject-referred Regulations, this is to inform you that the Board of Directors of the Company at its meeting held today i.e. on 14th October, 2026, inter alia, approved declaration of an Interim Dividend for FY 2026-27 of Re. 0.50/- (i.e. 50%) per Equity Share of Re. 1/- each.”
The company board also declared the record date to finalise the list of eligible shareholders, saying, "In terms of the subject-referred Regulations, this is to inform you that the Board of Directors of the Company at its meeting held today i.e. on 14th October, 2026, inter alia, approved the record date for determining the entitlement of the shareholders for the interim dividend shall be Wednesday, 21st October, 2026 pursuant to the Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015."
According to information available on the official BSE website, Elecon Engineering shares have a history of issuing bonus shares. The stock traded ex-date on 10 October 2007 to finalise the list of eligible shareholders for the 2:1 bonus share reward. However, this was the first and the last time the stock traded ex-bonus.
As mentioned above, Elecon Engineering shares are among the multibagger stocks in the Indian stock market. In five years, the stock has rallied by around 500%. However, Elecon Engineering shares remained under selling pressure throughout the year, signalling a move out of the base-building mode, with a rise of around 10% in one month.
Decoding the technical chart pattern of Elecon Engineering shares, Mahesh M Ojha, VP — Research and Business Development at KC Securities, said, “The stock is looking bullish on the daily chart pattern. It has strong support placed at ₹428. On the upper side, the stock is facing resistance at ₹474. On breaking above ₹474 on a closing basis, the stock may move up to ₹500 per share levels.”
Asit Manohar has nearly two decades of experience in the mainstream media. In this period, he has served esteemed media organisations like NDTV Profit, The Economic Times, and Zee Business. He has been working at LiveMint Digital since April 2021. During these two decades of journey in mainstream media, Asit has mainly covered external affairs, markets and personal finance. However, his earliest beats include railways, SME, MSME, and politics (Congress beat). Some of his features on political, economic, and foreign policy are documented in the parliamentary records. <br><br> While pursuing his MA (Mass Communication, Session 2004-06), Asit began his media career as a stringer at All India Radio in Varanasi. At AIR Varanasi, Asit worked with the Gyanvani, Yuvvani and Vividh Bharti teams. After working for nearly one year at AIR Varanasi, he shifted to print journalism and started working as a stringer for the HT Media Ltd, Varanasi. At HT Media Ltd in Varanasi, he covered the BHU beat. <br><br> Asit has also worked with some brokerage houses. He has worked with Religare Broking and India Infoline, where he assisted the research team in developing and executing trade strategies for intraday cash, F&O, and commodities. <br><br> Asit is a Gold Medalist in MA (Mass Communication) from BHU, Varanasi. He did his BSc. (Hons) in Mathematics from Magadh University, Bodh Gaya. Asit was a National Talent Scholarship holder during his senior secondary studies (1988-91).
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