Small Cap Chemicals Sock Recommends 15% Dividend, 2:9 Bonus Shares, Gave Over 1000% Return In 3 Yrs

Sadhana Nitro Chem Ltd. in a board meeting held on May 24, 2023, recommended a final dividend and approved bonus shares for the financial year 2022-23. The Board recommended a final dividend at 15% i.e. Rs. 0.15 per equity share and approved the proposal for Issuance of 2:9 bonus shares.

Final Dividend

According to the regulatory filing by the Board of Directors of the company, "Considered and recommended a final dividend @ 15% i.e., Rs. 0.15 per equity share of face value of Rs.1/- each for the financial year 2022-23, subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM) of the Company."

Bonus Shares

According to the regulatory filing by the Board of Directors of the company, "Considered and approved the proposal for issuance of bonus shares in proportion of 2 (Two) Bonus equity shares for every 9 (Nine) equity shares of Face Value of Rs. 1/- each held by the shareholders of the Company as on record date, subject to the approval of shareholders by postal ballot."

Stock Outlook

On Thursday, the share price of Sadhana Nitro Chem closed at Rs. 130/share, down 1.52% from its previous close of Rs. 132/share. Its 52 week high is Rs. 144.45/share and 52 week low is Rs. 122.10/share, respectively.

The stock declined 2.4% in 1 week. It gave 7.42% positive return in 1 month and 9.87% in 3 months, respectively. It gave 14.96% positive return in 1 year. It gave 1016.44% multibagger return in 3 years. In 5 years, it gave 545.79% positive return.

About - Sadhana Nitro Chem Ltd.

Sadhana Nitro Chem Ltd is engaged in the manufacturing of chemical intermediates, heavy organic chemicals and performance chemicals and wireless network equipment and services. It is a small-cap stock with a market valuation of Rs. 2,665.20 crore.

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