Microcap Stock Under Rs 50 Declares 25% Final Dividend, Shares Soars 377.58% In 2 Years

Microcap Garments & Apparels Company, Addi Industries Ltd. in a Board meeting held on Friday, Aug 11, recommends a final dividend of Rs 1.25 per share i.e. 25% on the face value of Rs 5 each. The recommended dividend is subject to approval by the shareholders in the AGM. The market Cap of the company is Rs 42.54 Crore.

"Recommended payment of final dividend of 1.25/- per equity share i.e 25% on face value of 5/- each. Subject to approval of the shareholders in the ensuing Annual General Meeting," the Board said in a filing to stock exchange.

Meanwhile, Addi Industries shares on Friday closed 1.73% lower at Rs 39.40 per share on BSE. The stock hit an intraday high of Rs 40 and an intraday low of Rs 37.80 on BSE. Its 52-week low is Rs 25.16 per share and 52-week high is Rs 47.60 per share.

The shares gained 9.14% in 1 week. It jumped 25.76% in 3 months. However, it declined 0.38% in 1 year. In 2 years, it declined 377.58% positive return, 496.97% in 3 years, and 242.61% in 5 years, respectively.

Established in 1980, Addi Industries Limited is a Garments & Apparels Company headquartered in the State of Delhi. The company is engaged in the manufacturing and marketing of readymade garments. The company deals in Knitwear Fabric sector and readymade garments. The Company was formed as a response to the apparent need in the Indian Textile Industry for products and services.

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