Construction Materials Small Cap Stock Approved 70% Interim Dividend, Soars 153.73% In 3 Yrs

Visaka Industries Ltd. in its Board Meeting held on April 01, 2023, approved the Payment of an interim dividend of Rs.7/- per equity share i.e., 70% for the financial year 2022-23. Along with the interim Dividend, the company also announced the "Record Date" for the interim dividend as April 12, 2023. Visaka Industries is construction Materials small-cap company. It has a market capitalisation of Rs 590.84 crore. Key details below:

Visaka Industries Ltd Approved 70% Interim Dividend

According to the regulatory filing by the Board of Directors of Visaka Industries Ltd, "This is with reference to our letter dated March 28, 2023, pursuant to Regulation 30 and other applicable provisions of the SEBI (LODR) Regulations, 2015, the Board of Directors in its meeting held today has approved Payment of interim dividend of Rs.7/- per equity share (i.e., 70% on the face value of Rs.10/- per share) for the financial year 2022-23. The said interim dividend will be paid to those members of the Company whose names appear in the Register of Members maintained by the RTA / Beneficial owners maintained by the depositories as on April 12, 2023, being the record date fixed for this purpose."

Visaka Industries Ltd's Stock Outlook

The stock last traded at Rs 341.90 apiece, up 1.32% from the previous close. It traded the 52-week low on 29 March 2023 at Rs. 322 apiece, currently market price is 6.18% away from the 52-week low. While the 52 week high was recorded on 19 September 2022 at Rs 664 apiece.

In the past 1 week, the stock gained 0.07%. However, it declined 10.67% in the past 1 month. It declined 41.74% in the past 1 year. It gave the highest 153.73% positive return in the past 3 years. In the past 5 years, it has given 47.14% negative return.

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