Upper Circuit Alert! Smallcap Stock Zooms 5 pc Intraday After Declaring 100 pc Dividend
Smallcap stock Gujarat Toolroom share price hit the upper price band in Monday’s trading session after the board declared an interim dividend and fixed record date for the same. The counter zoomed to quote an intraday high of Rs 47.33 apiece, rising by 5 per cent from its previous closing of Rs 45.08 per share share. The delivery volume of 10.05 lakh on 1st January has risen by 72.88 per cent against 5-day average delivery volume.
Dividend Announcement
A meeting was held on Monday April 8 where the Board of Directors unanimously considered and declared interim dividend of 100 per cent to its shareholders, the company informed through an exchange filing.
Record Date
The Board has fixed Saturday, April 20, 2024, as the record date for the purpose of ascertaining the eligibility of shareholders for payment of Interim Dividend.
Dividend Payment Date
“The interim dividend shall be paid within 30 days from the date of its declaration. This decision reflects our confidence in the company’s robust financial health and our commitment to rewarding our valued shareholders for their steadfast support and trust,” the company said in a statement.
The counter has delivered multibagger returns of 338 per cent in the last 365, making investors richer with multibagger returns. In the two two years, the scrip moved north of a whopping over 2500 per cent. In the last three years, the stock multiplied investors wealth by 8528 per cent.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Today Technology Market ResearchDigital suggests its readers/audience to consult their financial advisors before making any money related decisions.)
