300% Dividend: Small Cap Diversified Co Fixes Record Date, Scrip Jumps 74% In 1-Year

Small cap company operating in diversified sector, Nava Ltd fixed July 24, 2023 as the record date for final dividend. Current market price of Nava Ltd share is Rs 312.85 apiece with intraday gain of 0.79% on BSE. Nava Ltd shares offered maximum 514% in last 3-years. Check details below:

Nava Ltd Sets Record Date For Dividend: According to the regulatory filing of Nava Ltd dated July 10, 2023, "the Company has fixed Monday, July 24, 2023 as the Record Date for the purpose of determining the entitlement of the shareholders for the final dividend. The dividend, if approved by the shareholders at the ensuing AGM (to be held on August 04, 2023), will be paid/ dispatched within the statutory time limit from the date of approval by the shareholders."

Dividend For 2023: Earlier on May 24, 2023 board of directors of Nava Ltd recommended a final dividend on equity shares at the rate of 300% i.e. Rs. 6.00 (Six rupees only) per equity share of Rs. 2/- each for the financial year ended March 31, 2023.

Nava Ltd Stock Outlook & Return: Current market price of Nava Ltd share is Rs 313.30. Its 52-week high price is Rs 334.45 per share and 52-week low price is Rs 162.55 per share, respectively. The company has a market capitalisation of Rs 4899.82 crore. Nava Ltd shares delivered shareholders return of 36% in last 3-months, 74% return in last 1-year, 157% return in last 2-years, and 514% return in last 3-years.

Nava Ltd Recent Quarterly Performance: Nava for the quarter ended March 31, 2023 declared its consolidated total income at Rs 1000.38 crore, down 2.00% from previous quarter total income of Rs 1020.81%. The company in its latest quarter announced net profit after tax at Rs 341.47 crore.

Nava About: Nava Limited (formerly known as Nava Bharat Ventures Limited) established in 1972 as an Indian Ferro Alloys manufacturer. It is now a multinational company, operating in India, South East Asia and Africa. Now it produces and supplies over 200,000 tons of ferro alloys each year. It operates several power plants of 743 MW, works with sugarcane farmers to produce and process sugar as well as ethanol. In 2017 the company started investing in healthcare services, according to its LinkedIn page.

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