Small Cap Metals-Ferrous Stock Declares Record Date For Dividend, Rallies 491% In 3-Yrs

Small cap stock operating in metals & ferrous sector, Mukand Ltd on June 12, 2023 fixed July 28 as record date for dividend of Rs 2/- per equity share of the face value of Rs 10/- each. Mukand Ltd offered return of 491% to shareholders in last 3-years. Current market price of Mukand share is Rs 128.45 per share on BSE with intraday gain of 1.66%. Check details below:

Mukand Ltd Fixed Record Date For Dividend: According to the BSE filing of Mukand Ltd dated July 12, 2023, "As informed earlier, the Board has recommended a dividend of 20% (Rs.2/- per equity share of Rs.10/-), subject to approval of shareholders at ensuing 85" AGM. The dividend, if declared at the ensuing 85'° AGM will be paid within thirty days from the date of declaration to those Members whose names appear in the Register of Members / List of Beneficial Owners of the Company as on Friday, July 28, 2023 ("Record Date") received from the Depositories."

Mukand Ltd Stock Performance & Return: Current market price of Mukand share is Rs 128.45. Its 52-week high price is Rs 150.00 per share and 52-week low price is Rs 99.00 per share, respectively. The small cap metals company has a market capitalisation of Rs 1856.05 crore. In last 1-week, Mukand Ltd shares delivered return of over 5%, declined 5.66% in last 6-months, gave return of 22.33% in last 1-year, fell 1.98% in last 2-years, and gave the maximum return of 491% in last 3-years. In last 5-years, Mukand stock surged 103%.

Mukand Ltd Financial Performance: The company for the quarter ended March 31, 2023 declared its consolidated total income at Rs 1866.04 crore, up 39.55% as against the last quarter total income of Rs 1337.20 crore. It announced its recent quarter net profit after tax at Rs 125.39 crore.

About: Mukand Limited is engaged in the manufacture and sale of alloy and stainless steel products in India. It operates through Steel, Industrial Machinery and Engineering Contracts, and Others segments. The Steel segment offers billets, blooms, rounds, wire rods, bars, rods and sections, bright bars, and wires of special and alloy steel and stainless steel, as per its official website.

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