Small Cap & Mid-Cap Kirloskar Group Stocks Recommends Dividend, Gave Over 250% Returns In 3 Yrs

Kirloskar Group's two engineering sector firms, Kirloskar Oil Engines Ltd. and Kirloskar Industries Ltd. in May 2023 recommended dividends for the financial year ended March 31st, 2023. Kirloskar Oil Engines, is Group's Midcap stock, whereas, Kirloskar Industries is the group's Small cap stock. Check below to know more:

Kirloskar Oil Engines Ltd.

The Board of Kirloskar Oil Engines in their meeting held on Friday, May 19, 2023, recommended a final dividend of Rs 2.50/share i.e. 125% of Rs 2 each for the financial year 2022-23.

According to an exchange filing by the Board of Directors of the company, "The Board of Directors in its meeting held on 19th May 2023, has recommended the final dividend of Rs. 2.50/- (125%) per equity share of Rs. 2/- each for the financial year 2022-23, subject to the approval of the members at the ensuing Annual General Meeting and shall be paid through National Electronic Clearing System (NECS) or any other electronic mode or by dividend warrants or demand drafts, as the case may be."

Meanwhile, the stock of Kirloskar Oil Engines last traded at Rs. 402.20 apiece, up 4.17% from its previous close. Its 52 week high recorded on 19 May 2023 is Rs. 443.25 apiece and its 52-week low on 20 June 2022 is Rs. 124 apiece, respectively.

It has fallen 3.29% in 1 week, and 1.48% in 1 month, respectively. It gave 28.01% positive return in 3 months. In 1 year, it gave 164.08% multibagger return. Whereas, in 3 years, it gave 292.77% positive return. In 5 years, it has given 24.21% positive return.

Kirloskar Industries Ltd.

The Board of Kirloskar Industries in their meeting held on Tuesday, May 23, 2023, recommended a final dividend of Rs. 11/share i.e. 110% of Rs 10 each for the financial year 2022-23.

According to an exchange filing by the Board of Directors of the company, "The Board of Directors has recommended a dividend of Rs 11 ( 110 %) per equity share of Rs 10 each for the Financial Year 2022-2023, subject to the approval of the members of the Company at the ensuing Annual General Meeting of the Company and the same shall be paid through National Electronic Clearing System (NECS) or vide dividend warrants, as the case may be. The dividend, if approved by the members shall be paid on or before 11 September 2023."

Meanwhile, the share of Kirloskar Industries last traded at Rs. 2,600.75 apiece on BSE. The stock traded its 52 week high on 11 May 2023 at Rs. 2,937.15 apiece and 52 week low on 20 June 2022 at Rs. 1,182 apiece, respectively.

In terms of performance, the stock gave good returns over the past 5 years. It jumped 1.57% in 1 week. In 1 year, it gave 87.44% positive return. In 3 years, it gave 438.4% positive return. In 5 years, it gave 116.7% positive return.

Disclaimer - The above-mentioned information is purely informational. The article should be treated as informational and not an advisory to invest. Greynium Information Technologies and the Author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before making any investment decision.