71.34% Up In 6 Months: Microcap Stock Under Rs 100 Recommended Final Dividend, Scrip Rallies 3.22%

Electrical Equipment sector Microcap company, Amba Enterprises Limited has recommended a final dividend of 6% i.e. 0.30 paise per equity share on face value of Rs 5 each for the financial year 2022-23. The dividend is subject to the approval of shareholders of the company at the ensuing AGM, the company informed in an exchange filing on July 18, 2023.

Dividend

Recommended declaration of final dividend @ 6% i.e. 0.30 paise per Equity shares on Face Value of Rs. 5/- each for the financial year 2022-23 subject to the approval of Shareholders of the Company at Annual General meeting," the Board of Directors of Amba Enterprises Limited said in a regulatory filing. The stock has a market capitalisation of Rs 100.22 Crore.

Stock Movement

The stock of Amba Enterprises Limited last traded at Rs 79.16 apiece on BSE, up 3.22% from its previous close of Rs 76.69 apiece. Its 52-week high is Rs 88.60 apiece and 52-week low is Rs 40.40 apiece, respectively.

The stock has given 1.41% return in 1 week, 8.44% in 2 weeks, and 13.73% in 1 month, respectively. It has given 43.87% robust return in 3 months and 71.34% in 6 months, respectively. In a year, it gave 7.92% positive return. It gave 221.14% positive return in 2 years. It gave 613.80% positive return in 3 years.

Disclaimer

The stock just highlights the dividend and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.