Rs 6/Share Dividend: Engineering Co Sets Record Date, Hits 52-Week High For 3rd Day

Mid cap company operating in engineering sector, Techno Electric & Engineering Company on September 1 fixed September 15, 2023 as the record date for final dividend of Rs 6.00 per equity share of face value of Rs 2.00 each for the financial year 2022-23. Techno Electric & Engineering shares soared 40% in last 3-months, surged 86% in last 1-year, and rallied 160% in last 3-years. Check details below:

Techno Electric & Engineering Sets Record Date For Final Dividend: According to the BSE filing of Techno Electric & Engineering dated September 1, 2023, "We would like to inform that in terms of Regulation 42 of the SEBI (Listing Obligations and Disclosure Reaguirements) Regulations 2015, the Company has fixed September 15, 2022 as the Record Date for the purpose of payment of Final Dividend of Rs 6.00 per eauity share of face value of Rs 2.00 each as recommended by the Directors for the financial year 2022-23, if declared at the Annual General Meeting, will be paid to those members whose names shall appear on Company's Register of Members as on Record Date and in respect of shares held in dematerialised form, the dividend will be paid to members whose names are furnished by National Securities Depository Ltd. and Central Depository Services (India) Ltd. as beneficial owners as on that date."

Techno Electric Stock Performance & Return: Last trading price of Techno Electric share is Rs 534.75 apiece on BSE. Its 52-week high price is Rs 540.45 apiece and 52-week low price is Rs 254.00 apiece, respectively. It has a market capitalisation of Rs 5882.25 crore. In last 6-months, Techno Electric stock soared 68%, gained 57% YTD, and witnessed a rally of 84% in last 2-years.

Techno Electric Financial Performance In Latest Quarter: The company for the quarter ended June 30, 2023 announced a decline of 9.09% in its consolidated total income at Rs 305.15 crore as against its last quarter total income of Rs 335.65 crore. The company announced its quarterly net profit after tax at Rs 25.26 crore in June 2023, down 28.94% as against Rs 35.55 crore announced in June 2022.

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