Auto Ancillaries Stock Fixes Record Date For Dividend, Shares Locked In Upper Circuit

Small cap stock from auto ancillaries sector, Kalyani Forge on August 28 fixed September 13, 2023 as the record date for the purpose of dividend. Current market price of Kalyani Forge share is Rs 351.00 apiece, after intraday jump of 4.82%. Kalyani Forge shares gained 51% in just 1-week, soared 83% in last 2-weeks, and offered 108% return in last 6-months. The company on May 30 recommended dividend for the current year of Rs. 3.00/- per equity share i.e. 30% per share (nominal value Rs. 10/- per equity share). Check details below:

Kalyani Forge Declares Record Date For Dividend: According to the BSE filing of Kalyani Forge dated Aug 28, "Cut-off date is 13th September 2023, for the entitlement of the members to cast their vote electronically for the business to be transacted at the ensuing Annual General Meeting."

Kalyani Forge Dividend: Earlier this year on May 30 the company stated in its BSE filing, "The Board of Directors has recommended dividend for the current year of Rs. 3.00/- per equity share i.e. 30% per share (nominal value Rs. 10/- per equity share) subject to approval of members at the ensuing Annual General Meeting of the Company."

Kalyani Forge Stock Outlook & Return: Current market price of Kalyani Forge share is Rs 350.00 apiece on BSE today. Its 52-week high price is Rs 363.75 apiece and 52-week low price is Rs 182.05 apiece, respectively. The small cap auto ancillaries sector stock has a market capitalisation of Rs 127.33 crore. Kalyani Forge shares gained 42% in last 6-months, rallied 89% in last 1-year, and soared 115% in last 3-years.

Kalyani Forge Financial Outlook: The company for the quarter ended June 30, 2023 declared a fall of 10.02% in its standalone total income at Rs 59.67 crore as against its last quarter total income of Rs 66.31 crore. The company in the recent quarter declared its net profit after tax at Rs 1.03 crore.

Kalyani Forge Ltd About: It is located in the automotive hub of Pune. The certified engineering company has an expertise in metal forming. It is a trusted supplier of forged, machined and assembled products for a variety of customers in industries like automotive, construction, power generation, marine, railway, and industrial goods. Its forging capabilities include hot, warm and cold forging & in-house heat treatment as well as machining, according to its official website.

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